Producer prices up 0.6 percent in April
May 16, 2014
The Producer Price Index for final demand advanced 0.6 percent in April, seasonally adjusted, following a 0.5-percent rise in March and a 0.1-percent decline in February. The increase in final demand prices can be traced to the indexes for final demand goods and final demand services, both of which advanced 0.6 percent in April.
Leading the broad-based increase in the index for final demand goods was the index for final demand foods, which rose 2.7 percent. Prices for final demand goods less foods and energy and for final demand energy also increased in April, 0.3 percent and 0.1 percent, respectively. Much of the increase in the index for final demand services can be attributed to margins for final demand trade services, which climbed 1.4 percent in April.
Over the 12-month period from April 2013 to April 2014, the index for final demand moved up 2.1 percent, not seasonally adjusted, the largest 12-month advance since a 2.4-percent increase in March 2012. Over that same period, the index for final demand goods rose 2.5 percent and the index for final demand services rose 2.0 percent.
These data are from the BLS Producer Price Indexes program. To learn more, see "Producer Price Indexes — April 2014" (HTML) (PDF), news release USDL‑14‑0810. 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. Final demand includes goods, services, and construction which are sold for personal consumption, capital investment, government purchases, and export. Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices up 0.6 percent in April on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140516.htm (visited April 28, 2015).