Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Economic News Release
PRINT:Print
PPI PPI Program Links

Producer Price Index News Release summary

Transmission of material in this release is embargoed until                          USDL 22-0837
8:30 a.m. (ET), Thursday, May 12, 2022

Technical information:      (202) 691-7705  *  ppi-info@bls.gov  *  www.bls.gov/ppi
Media contact:              (202) 691-5902  *  PressOffice@bls.gov   


                           PRODUCER PRICE INDEXES - APRIL 2022


The Producer Price Index for final demand increased 0.5 percent in April, seasonally adjusted, 
the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 1.6 percent in 
March and 1.1 percent in February. (See table A.) On an unadjusted basis, final demand prices 
moved up 11.0 percent for the 12 months ended in April.

In April, the rise in the index for final demand is primarily attributable to a 1.3-percent advance 
in prices for final demand goods. The index for final demand construction increased 4.0 percent, 
while prices for final demand services were unchanged. 

Prices for final demand less foods, energy, and trade services moved up 0.6 percent in April after 
increasing 0.9 percent in March. For the 12 months ended in April, the index for final demand 
less foods, energy, and trade services rose 6.9 percent.

Final Demand

Final demand goods: The index for final demand goods moved up 1.3 percent in April, the fourth 
consecutive rise. More than half of the broad-based increase in April can be traced to a 1.0-percent 
advance in prices for final demand goods less foods and energy. The indexes for final demand energy 
and for final demand foods also moved higher, 1.7 percent and 1.5 percent, respectively. 

Product detail: Among prices for final demand goods in April, the index for motor vehicles and 
equipment advanced 0.8 percent. Prices for diesel fuel, chicken eggs, jet fuel, electric power, and 
residential natural gas also increased. Conversely, the index for gasoline fell 3.2 percent. Prices for 
fresh and dry vegetables and for carbon steel scrap also decreased. (See table 2.)

Final demand services: The index for final demand services was unchanged in April after 
increasing 1.2 percent in March. In April, prices for final demand transportation and warehousing 
services rose 3.6 percent. In contrast, the indexes for final demand trade services and for final 
demand services less trade, transportation, and warehousing declined 0.5 percent and 0.1 percent, 
respectively. (Trade indexes measure changes in margins received by wholesalers and retailers.)

Product detail: Within the index for final demand services in April, prices for truck transportation of 
freight rose 4.4 percent. The indexes for automotive fuels and lubricants retailing, transportation of 
passengers (partial), hospital outpatient care, and loan services (partial) also increased. Conversely, 
margins for health, beauty, and optical goods retailing declined 1.3 percent. The indexes for portfolio 
management, guestroom rental, hospital inpatient care, and furniture retailing also moved lower.

Table A. Monthly and 12-month percent changes in selected final demand price indexes, seasonally adjusted
Month Total
final
demand
Final
demand
less
foods,
energy,
and
trade
Final demand goods Final demand services Change
in final
demand
from 12
months
ago
(unadj.)
Change
in final
demand
less
foods,
energy,
and
trade
from 12
mo. ago
(unadj.)
Total Foods Energy Less
foods
and
energy
Total Trade Transportation
and
warehousing
Other

2021

Apr.

1.0 0.8 0.8 1.4 -0.3 1.0 1.1 2.1 3.1 0.3 6.5 4.8

May

1.0 0.5 1.4 2.5 1.5 1.1 0.7 1.8 0.2 0.2 7.0 5.3

June

0.8 0.6 1.3 0.8 2.9 1.0 0.6 0.8 1.4 0.4 7.6 5.6

July

0.9 0.7 0.8 -0.9 2.2 0.8 1.0 1.7 2.5 0.5 8.0 6.0

Aug.

0.9 0.4 1.0 2.1 1.3 0.6 0.8 2.1 0.8 0.2 8.7 6.2

Sept.

0.5 0.3 1.2 2.1 2.5 0.6 0.1 0.0 -1.0 0.3 8.8 6.1

Oct.

0.7 0.4 1.3 -0.1 5.0 0.7 0.2 0.5 1.1 -0.1 8.9 6.2

Nov.

1.0 0.8 0.9 1.3 0.9 0.8 1.0 1.3 2.8 0.6 9.9 7.0

Dec.(1)

0.6 0.4 -0.1 -0.2 -1.4 0.4 0.9 1.9 1.6 0.3 10.0 7.0

2022

Jan.(1)

1.2 0.8 1.6 1.7 4.1 0.8 0.9 1.2 0.1 0.8 10.1 6.9

Feb.(1)

1.1 0.2 2.2 2.0 7.2 0.8 0.5 1.7 2.0 -0.3 10.4 6.7

Mar.(1)

1.6 0.9 2.4 2.5 6.4 1.1 1.2 1.9 5.7 0.3 11.5 7.1

Apr.

0.5 0.6 1.3 1.5 1.7 1.0 0.0 -0.5 3.6 -0.1 11.0 6.9

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2021 through March 2022 have been revised to reflect the availability of late reports and corrections by respondents.

Intermediate Demand by Commodity Type

Within intermediate demand in April, prices for processed goods increased 2.2 percent, the index for 
unprocessed goods advanced 5.3 percent, and prices for services moved up 0.7 percent. (See tables B 
and C.)

Processed goods for intermediate demand: The index for processed goods for intermediate 
demand climbed 2.2 percent in April, the fourth consecutive rise. In April, a 1.4-percent advance in 
prices for processed goods less foods and energy led the broad-based increase. The indexes for 
processed energy goods and for processed foods and feeds also moved higher, 4.5 percent and 2.9 
percent, respectively. For the 12 months ended in April, prices for processed goods for intermediate 
demand jumped 21.9 percent.

Product detail: Within the index for processed goods for intermediate demand in April, prices for 
industrial chemicals advanced 1.8 percent. The indexes for diesel fuel, utility natural gas, jet fuel, 
plastic resins and materials, and cold rolled steel sheet and strip also increased. In contrast, prices for 
softwood lumber fell 15.6 percent. The indexes for gasoline and for beef and veal also declined. 

Unprocessed goods for intermediate demand: The index for unprocessed goods for intermediate 
demand rose 5.3 percent in April, the fourth consecutive advance. In April, over 80 percent of the 
broad-based increase can be traced to prices for unprocessed energy goods, which climbed 10.3 
percent. The indexes for unprocessed foodstuffs and feedstuffs and for unprocessed nonfood 
materials less energy also moved higher, 2.5 percent and 0.5 percent, respectively. For the 12 months 
ended in April, prices for unprocessed goods for intermediate demand jumped 48.1 percent, the 
largest advance since rising 49.6 percent for the 12 months ended November 2021.

Product detail: Half of the April increase in the index for unprocessed goods for intermediate 
demand is attributable to a 16.9-percent jump in natural gas prices. The indexes for crude petroleum, 
ungraded chicken eggs, coal, grains, and raw cotton also advanced. Conversely, raw milk prices 
decreased 6.3 percent. The indexes for carbon steel scrap and for hay and hayseeds also moved 
lower.

Table B. Monthly and 12-month percent changes in selected intermediate demand price indexes for goods by commodity type, seasonally adjusted
Month Processed goods for intermediate demand Unprocessed goods for intermediate demand
Total Foods
and
feeds
Energy
goods
Less
foods
and
energy
Total,
change
from 12
months
ago
(unadj.)
Total Foodstuffs
and
feedstuffs
Energy
materials
Nonfood
materials
less
energy
Total,
change
from 12
months
ago
(unadj.)

2021

Apr.

2.1 2.4 -1.8 3.0 18.7 0.8 5.6 -4.9 1.9 59.2

May

2.8 2.6 3.3 2.7 22.3 7.9 6.8 8.3 8.8 57.8

June

1.7 1.6 0.8 2.0 23.0 2.1 -0.5 5.6 1.0 52.9

July

1.6 -0.6 3.4 1.4 23.1 3.2 -1.0 9.7 0.6 56.0

Aug.

1.0 1.5 0.0 1.1 23.0 1.4 3.0 0.2 1.4 52.5

Sept.

1.2 1.5 2.1 0.9 23.8 2.8 0.8 8.0 -1.8 48.5

Oct.

2.4 -0.4 6.7 1.6 25.7 6.0 -2.2 17.7 -1.5 55.5

Nov.

1.5 0.1 2.5 1.4 26.6 2.3 1.3 2.3 3.4 49.6

Dec.(1)

-0.1 0.1 -2.7 0.6 24.4 -4.8 3.8 -12.1 -1.8 40.0

2022

Jan.(1)

2.2 2.6 4.7 1.5 24.7 2.9 2.7 4.2 0.6 36.1

Feb.(1)

1.5 2.1 5.8 0.3 23.3 10.0 5.6 18.4 1.4 33.4

Mar.(1)

2.2 2.2 7.2 0.7 21.9 1.8 7.6 -6.5 9.8 41.8

Apr.

2.2 2.9 4.5 1.4 21.9 5.3 2.5 10.3 0.5 48.1

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2021 through March 2022 have been revised to reflect the availability of late reports and corrections by respondents.

Services for intermediate demand: The index for services for intermediate demand moved up 0.7 
percent in April, the sixth consecutive increase. Over half of the April advance can be attributed to a 
0.6-percent rise in prices for services less trade, transportation, and warehousing for intermediate 
demand. The index for transportation and warehousing services for intermediate demand increased 
2.5 percent. In contrast, prices for trade services for intermediate demand decreased 0.1 percent. For 
the 12 months ended in April, the index for services for intermediate demand advanced 7.5 percent. 

Product detail: One-third of the April rise in the index for services for intermediate demand can be 
traced to a 4.3-percent advance in prices for nonresidential real estate rents. The indexes for truck 
transportation of freight, freight forwarding, loan services (partial), services related to securities 
brokerage and dealing (partial), and paper and plastics products wholesaling also moved higher. 
Conversely, margins for machinery and equipment parts and supplies wholesaling fell 0.4 percent. 
The indexes for securities brokerage, dealing, and investment advice and for arrangement of freight 
and cargo transportation also declined. 

Table C. Monthly and 12-month percent changes in selected intermediate demand price indexes for services by commodity type, seasonally adjusted
Month Services for intermediate demand
Total Trade Transportation
and
warehousing
Other Total, change
from 12 months
ago (unadj.)

2021

Apr.

1.3 2.5 2.2 0.6 7.3

May

0.6 2.2 0.8 0.1 8.4

June

1.2 2.5 2.0 0.6 9.3

July

0.6 1.1 0.7 0.4 9.5

Aug.

0.4 1.9 0.8 -0.2 9.0

Sept.

0.3 -1.2 2.5 0.4 8.2

Oct.

0.0 0.6 0.5 -0.3 7.4

Nov.

0.6 -0.6 1.0 0.9 8.1

Dec.(1)

0.8 1.5 1.6 0.5 8.3

2022

Jan.(1)

0.7 1.4 0.5 0.6 7.8

Feb.(1)

0.2 1.3 0.5 -0.2 7.7

Mar.(1)

1.1 3.4 2.1 0.0 8.1

Apr.

0.7 -0.1 2.5 0.6 7.5

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2021 through March 2022 have been revised to reflect the availability of late reports and corrections by respondents.

Intermediate Demand by Production Flow

Stage 4 intermediate demand: Prices for stage 4 intermediate demand advanced 0.9 percent in 
April following a 1.0-percent rise in March. In April, the index for total goods inputs to stage 4 
intermediate demand increased 1.3 percent, and prices for total services inputs moved up 0.5 percent. 
(See table D.) Advances in the indexes for diesel fuel; nonresidential real estate rents; transportation 
of freight and mail; structural, architectural, and pre-engineered metal products; services related to 
securities brokerage and dealing (partial); and metal containers outweighed decreases in prices for 
portfolio management; softwood lumber; and securities brokerage, dealing, and investment advice. 
For the 12 months ended in April, the index for stage 4 intermediate demand jumped 11.7 percent.

Stage 3 intermediate demand: The index for stage 3 intermediate demand rose 2.2 percent in April, 
following a 2.9-percent advance in March. In April, prices for total goods inputs to stage 3 
intermediate demand moved up 3.4 percent, and the index for total services inputs increased 0.9 
percent. Advances in prices for diesel fuel, ungraded chicken eggs, jet fuel, slaughter poultry, plastic 
resins and materials, and freight forwarding outweighed decreases in the indexes for raw milk, 
softwood lumber, and arrangement of freight and cargo transportation. For the 12 months ended in 
April, prices for stage 3 intermediate demand jumped 19.1 percent. 

Stage 2 intermediate demand: The index for stage 2 intermediate demand moved up 2.8 percent in 
April, the fourth consecutive increase. In April, prices for total goods inputs to stage 2 intermediate 
demand climbed 4.9 percent, and the index for total services inputs rose 0.6 percent. Advances in 
prices for natural gas, crude petroleum, coal, loan services (partial), freight forwarding, and industrial 
chemicals outweighed decreases in the indexes for carbon steel scrap, softwood lumber, and 
arrangement of freight and cargo transportation. For the 12 months ended in April, prices for stage 2 
intermediate demand jumped 23.5 percent. 

Stage 1 intermediate demand: The index for stage 1 intermediate demand increased 1.6 percent in 
April after advancing 2.5 percent in March. In April, prices for total good inputs to stage 1 
intermediate demand moved up 2.5 percent, and the index for total services inputs rose 0.6 percent. 
Advances in the indexes for diesel fuel, nonresidential real estate rents, utility natural gas, industrial 
chemicals, grains, and truck transportation of freight outweighed decreasing prices for guestroom 
rental; securities brokerage, dealing, and investment advice; and carbon steel scrap. For the 12 
months ended in April, the index for stage 1 intermediate demand jumped 16.8 percent. 

Table D. Monthly percent changes in selected intermediate demand price indexes by production flow, seasonally adjusted
Month Stage 4 intermediate
demand
Stage 3 intermediate
demand
Stage 2 intermediate
demand
Stage 1 intermediate
demand
Total Goods
inputs
Services
inputs
Total Goods
inputs
Services
inputs
Total Goods
inputs
Services
inputs
Total Goods
inputs
Services
inputs

2021

Apr.

1.4 1.7 1.2 2.7 4.3 1.3 0.4 -0.5 1.2 1.7 1.9 1.6

May

1.2 2.2 0.5 2.4 3.8 0.9 3.0 6.3 0.3 2.6 3.9 1.3

June

1.3 1.5 1.1 1.6 1.8 1.3 2.1 3.1 1.2 1.5 1.6 1.5

July

1.0 1.0 1.0 1.0 1.6 0.4 2.3 4.3 0.6 1.4 2.1 0.8

Aug.

0.7 0.9 0.6 1.0 1.6 0.4 0.7 0.9 0.5 0.8 1.3 0.5

Sept.

0.4 0.8 0.1 1.1 1.2 1.0 2.2 3.6 0.9 0.2 0.7 -0.3

Oct.

0.6 1.3 0.0 1.0 1.9 0.2 3.7 7.9 -0.1 1.1 2.5 -0.3

Nov.

1.1 1.5 0.7 0.8 1.2 0.4 1.2 1.7 0.7 1.3 2.0 0.5

Dec.(1)

0.7 0.5 0.8 0.8 0.7 0.9 -2.2 -5.6 1.2 0.4 0.0 0.8

2022

Jan.(1)

1.5 2.0 1.0 1.6 2.6 0.6 1.3 2.6 0.1 1.4 1.7 0.9

Feb.(1)

0.6 1.2 0.0 1.4 2.6 0.1 4.3 8.5 0.3 1.0 1.6 0.2

Mar.(1)

1.0 1.5 0.5 2.9 4.4 1.2 0.2 -0.8 1.3 2.5 3.2 1.8

Apr.

0.9 1.3 0.5 2.2 3.4 0.9 2.8 4.9 0.6 1.6 2.5 0.6

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2021 through March 2022 have been revised to reflect the availability of late reports and corrections by respondents.

________________
The Producer Price Index for May 2022 is scheduled to be released on Tuesday, June 14, 2022, 
at 8:30 a.m. (ET).


Last Modified Date: May 12, 2022