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The Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services.
PPI for final demand components, 1-month percent change, May 2024
Commodity
1-month percent change
Goods
-0.8%
Foods
-0.1%
Fresh fruits and melons(1)
-2.1%
Fresh and dry vegetables(1)
2.8%
Meats
-0.7%
Processed poultry
2.1%
Dairy products(1)
1.7%
Soft drinks(1)
0.3%
Energy
-4.8%
Residential electric power
-0.1%
Residential natural gas
0.4%
Gasoline
-7.1%
Jet fuel(1)
-5.6%
Home heating oil and distillates
-7.3%
No. 2 diesel fuel
-24.5%
Goods less foods and energy
0.3%
Industrial chemicals
-1.1%
Pharmaceutical preparations
0.2%
Passenger cars
-0.3%
Trucks, 14,000 lbs. and under
-0.1%
Aircraft and aircraft equipment
0.1%
Cigarettes, including nontobacco(1)
3.3%
Services
0.0%
Trade services
0.2%
Machinery and equipment and parts and supplies wholesaling(1)
-2.6%
Food and alcohol retailing
2.5%
Health and beauty retailing, including optical goods(1)
-0.9%
Apparel, jewelry, footwear, and accessories retailing
1.0%
Automobiles and automobile parts retailing(1)
0.4%
Fuels and lubricants retailing(1)
12.2%
Transportation and warehousing services
-1.4%
Rail transportation of freight and mail(1)
0.2%
Truck transportation of freight(1)
-0.6%
Water transportation of freight(1)
0.8%
Air transportation of freight(1)
-0.3%
Courier, messenger, and U.S. postal service
0.4%
Airline passenger services
-4.3%
Less trade, transportation, and warehousing
0.1%
Loan services (partial)
-0.7%
Securities brokerage, dealing, investment advice, and related services(1)
-0.3%
Portfolio management(1)
-1.8%
Outpatient care (partial)
0.3%
Inpatient care
0.3%
Traveler accommodation services
-0.5%
Footnotes
(1) Not seasonally adjusted.
Note: All data are subject to revision 4 months after originally published.
Processed goods -1.5%(p) in May 2024
Stage 4 intermediate demand -0.2%(p) in May 2024
Stage 3 intermediate demand -0.7%(p) in May 2024
Motor vehicles -0.1%(p) in May 2024
Pharmaceutical preparations +0.2%(p) in May 2024
Industrial chemicals -0.7%(p) in May 2024
Steel mill products +0.5%(p) in May 2024
Diesel fuel -24.5%(p) in May 2024
Prepared animal feeds +0.1%(p) in May 2024
Outpatient healthcare +0.3%(p) in May 2024
Inpatient healthcare services +0.3%(p) in May 2024
Food and alcohol retailing +2.5%(p) in May 2024
Apparel and jewelry retailing +1.0%(p) in May 2024
Airline passenger services -4.3%(p) in May 2024
Securities brokerage, dealing, investment, and related services -0.3%(p) in May 2024
Business loans (partial) -3.5%(p) in May 2024
Legal services +0.3%(p) in May 2024
06/13/2024
The Producer Price Index for final demand declined 0.2 percent in May. Prices for final demand
goods declined 0.8 percent, and the index for final demand services was unchanged. The index
for final demand advanced 2.2 percent for the 12 months ended in May.
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