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Producer prices for final demand down 0.8 percent for the year ended May 2020
June 18, 2020
The Producer Price Index for final demand declined 0.8 percent from May 2019 to May 2020. Prices for final demand less foods, energy, and trade services moved down 0.4 percent, the largest 12-month decrease since the index began in August 2013.
Producer Price Index for final demand components, 12-month percent change, not seasonally adjusted, May 2020
Commodity
12-month percent change
Goods
-3.3%
Foods
6.9
Fresh fruits and melons
7.1
Fresh and dry vegetables
-9.7
Meats
43.3
Processed poultry
1.0
Dairy products
-6.6
Soft drinks
2.0
Energy
-26.0
Residential electric power
-0.3
Residential natural gas
-0.7
Gasoline
-52.5
Jet fuel
-66.9
Home heating oil and distillates
-65.4
No. 2 diesel fuel
-53.9
Goods less foods and energy
0.2
Industrial chemicals
-20.2
Pharmaceutical preparations
2.2
Passenger cars
-0.4
Trucks, 14,000 lbs. and under
-0.4
Aircraft and aircraft equipment
1.3
Cigarettes, including nontobacco
4.8
Services
0.3
Trade services
2.7
Machinery and equipment and parts and supplies wholesaling
-0.5
Food and alcohol retailing
3.0
Health and beauty retailing, including optical goods
3.4
Apparel, jewelry, footwear, and accessories retailing
1.8
Automobiles and automobile parts retailing
-4.6
Fuels and lubricants retailing
47.2
Transportation and warehousing services
-5.4
Rail transportation of freight and mail
-1.3
Truck transportation of freight
-4.1
Water transportation of freight
-4.3
Air transportation of freight
-0.3
Courier, messenger, and U.S. postal service
2.7
Airline passenger services
-12.1
Less trade, transportation, and warehousing
-0.2
Loan services (partial)
-18.5
Securities brokerage, dealing, investment advice, and related services
-20.4
Portfolio management
-4.5
Outpatient care (partial)
1.8
Inpatient care
3.3
Traveler accommodation services
-23.0
Note: All data are subject to revision 4 months after originally published.
Over the year ended May 2020, energy prices were down 26.0 percent and meat prices were up 43.3 percent. Prices for airline passenger services decreased 12.1 percent.
United States Department of Labor
