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Producer Price Index for final demand decreases over the year for the fourth consecutive month

June 16, 2015

From May 2014 to May 2015, the Producer Price Index for final demand decreased 1.1 percent. The index has now decreased for the fourth consecutive month. The index for final demand goods fell 4.3 percent, led by a 19.5-percent decline in prices for final demand energy.
12-month percent change in selected final demand price indexes, not seasonally adjusted, May 2014–May 2015
Grouping May 2014 Jun 2014 Jul 2014 Aug 2014 Sep 2014 Oct 2014 Nov 2014 Dec 2014 Jan 2015 Feb 2015(p) Mar 2015(p) Apr 2015(p) May 2015(p)

Total

 2.1 1.8 1.9 1.9 1.6 1.5 1.3 0.9 0.0 -0.6 -0.8 -1.3 -1.1

Goods

 2.0 2.2 2.0 1.7 1.5 1.0 0.4 -1.2 -3.6 -4.2 -4.4 -5.5 -4.3

Foods

 3.6 3.8 3.6 3.8 3.9 4.3 4.4 4.4 2.6 0.4 -1.4 -4.2 -3.3

Energy

 2.5 3.1 2.4 0.5 -0.5 -3.8 -5.9 -13.2 -22.3 -22.4 -21.7 -24.0 -19.5

Less foods and energy

 1.4 1.5 1.6 1.6 1.7 1.7 1.5 1.1 0.7 0.4 0.5 0.3 0.5

Services

 2.2 1.7 2.0 2.0 1.6 1.9 1.8 2.1 2.0 1.2 1.0 0.9 0.6

Trade

 3.0 1.4 2.3 2.0 1.1 2.8 2.3 4.0 4.2 2.2 1.3 1.0 0.5

Transportation and warehousing

 3.2 2.9 2.6 2.7 2.6 1.8 2.3 0.8 0.6 -0.6 -1.4 -1.9 -2.3

Less trade, transportation, and warehousing

 1.7 1.6 1.6 1.8 1.6 1.4 1.3 1.4 1.0 1.0 1.1 1.2 1.0
Footnotes:

(p) = preliminary.

Prices for final demand services increased 0.6 percent from May 2014 to May 2015. The index for trade services, which measures changes in the margins wholesalers and retailers receive, increased 0.5 percent. Prices for transportation and warehousing services decreased 2.3 percent, the fourth straight 12-month decrease.

These data are from the Producer Price Indexes program. To learn more, see "Producer Price Indexes — May 2015" (HTML) (PDF). All producer price indexes are subject to revision once, 4 months after original publication; these revisions reflect late reports and corrections by respondents. Producer price indexes measure prices U.S. producers receive for goods, services, and construction.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index for final demand decreases over the year for the fourth consecutive month at https://www.bls.gov/opub/ted/2015/producer-price-index-for-final-demand-decreases-over-the-year-for-the-fourth-consecutive-month.htm (visited October 09, 2024).

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