Producer prices decline again in May

June 16, 2003

The Producer Price Index for Finished Goods declined 0.3 percent in May, seasonally adjusted. This decrease followed a record decline of 1.9 percent in April.

Percent change from 12 months ago Producer Price Index for Finished Goods, not seasonally adjusted, May 1994-May 2003
[Chart data—TXT]

The index for finished energy goods fell 2.6 percent in May, after declining 8.6 percent in April. Prices for finished goods other than foods and energy inched up 0.1 percent in May, compared with a 0.9-percent decrease in April. By contrast, the index for finished consumer foods rose only 0.1 percent in May, following a 0.9-percent increase in April.

Cigarette prices increased 0.2 percent, after falling 9.6 percent in the previous month. The indexes for light motor trucks, passenger cars, newspaper circulation, and compact discs also turned up in May.

From May 2002 to May 2003, prices for finished goods rose 2.5 percent.

These data are from the BLS Producer Price Index program. Find out more in "Producer Price Indexes, May 2003" (PDF) (TXT), news release USDL 03–299. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices decline again in May on the Internet at http://www.bls.gov/opub/ted/2003/jun/wk3/art01.htm (visited August 24, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.