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Producer prices for final demand increased 10.8 percent for the year ended in May 2022

June 17, 2022

Producer prices for final demand increased 10.8 percent for the year ended in May 2022, following advances of 10.9 percent for the year ended in April and 11.5 percent for the year ended in March.

12-month percent change in Producer Price Indexes for final demand
Month Total Goods Energy Foods Services Construction

May 2017

2.3% 2.9% 7.9% 1.0% 2.0% 1.1%

Jun 2017

1.9 2.2 3.8 1.1 1.7 1.2

Jul 2017

2.0 2.3 3.9 1.6 1.9 3.3

Aug 2017

2.4 3.1 8.3 2.3 2.2 3.3

Sept 2017

2.6 3.4 10.7 1.6 2.1 3.2

Oct 2017

2.8 3.2 7.9 2.6 2.4 3.0

Nov 2017

3.0 4.2 12.5 3.2 2.3 2.9

Dec 2017

2.5 3.5 10.1 2.0 2.1 3.1

Jan 2018

2.6 3.2 8.7 1.9 2.2 3.6

Feb 2018

2.8 3.1 9.0 0.6 2.7 3.6

Mar 2018

2.9 3.3 8.6 1.9 2.8 3.6

Apr 2018

2.7 3.0 9.4 -0.6 2.5 4.2

May 2018

3.1 4.3 15.9 0.6 2.4 4.1

Jun 2018

3.3 4.4 17.5 -1.1 2.7 4.2

Jul 2018

3.4 4.4 17.0 -1.3 2.7 3.3

Aug 2018

3.0 3.9 13.9 -1.1 2.5 3.4

Sept 2018

2.7 3.4 10.0 -1.2 2.5 3.5

Oct 2018

3.1 3.8 12.6 -0.6 2.6 4.9

Nov 2018

2.6 2.6 4.1 0.4 2.6 5.2

Dec 2018

2.6 1.6 -3.1 2.8 3.0 5.2

Jan 2019

1.9 0.6 -7.4 1.3 2.6 5.0

Feb 2019

1.9 0.7 -6.5 1.6 2.4 5.0

Mar 2019

2.0 1.2 -0.9 0.0 2.3 5.1

Apr 2019

2.4 1.7 1.2 1.2 2.7 5.4

May 2019

2.1 0.8 -2.2 0.6 2.7 5.5

Jun 2019

1.6 0.0 -6.8 2.3 2.3 5.3

Jul 2019

1.6 0.3 -5.3 2.6 2.3 5.6

Aug 2019

1.9 -0.1 -6.7 2.3 2.7 5.5

Sept 2019

1.5 -0.5 -8.4 2.7 2.3 5.6

Oct 2019

1.0 -0.6 -8.8 3.2 1.9 3.9

Nov 2019

1.0 0.2 -4.4 3.4 1.4 3.8

Dec 2019

1.4 1.0 2.4 1.2 1.4 3.9

Jan 2020

2.0 1.8 6.4 2.8 1.9 3.7

Feb 2020

1.1 0.6 0.1 1.1 1.4 3.8

Mar 2020

0.3 -1.7 -12.6 0.7 1.3 3.5

Apr 2020

-1.5 -5.2 -30.7 0.3 0.3 2.7

May 2020

-1.1 -3.6 -27.5 6.5 0.2 2.4

Jun 2020

-0.7 -2.6 -17.2 0.6 0.3 2.4

Jul 2020

-0.3 -2.2 -14.2 -0.4 0.7 2.2

Aug 2020

-0.3 -1.6 -12.3 -0.1 0.3 1.9

Sept 2020

0.3 -1.0 -11.7 1.3 0.9 1.7

Oct 2020

0.6 -1.0 -12.6 2.2 1.3 1.2

Nov 2020

0.8 -0.8 -11.0 0.9 1.6 1.3

Dec 2020

0.8 0.0 -6.8 -0.2 1.3 1.2

Jan 2021

1.6 1.3 -2.7 1.2 1.8 0.8

Feb 2021

3.0 3.5 5.9 4.5 2.6 0.9

Mar 2021

4.1 7.0 23.7 5.1 2.9 1.4

Apr 2021

6.5 10.9 48.9 7.3 4.5 2.1

May 2021

7.0 11.1 46.4 4.3 5.1 2.8

Jun 2021

7.6 11.9 36.0 10.9 5.5 3.2

Jul 2021

8.0 12.1 33.9 10.4 6.0 4.4

Aug 2021

8.7 12.7 33.0 13.0 6.8 5.0

Sept 2021

8.8 13.4 36.2 13.3 6.7 5.3

Oct 2021

8.9 14.3 43.0 10.6 6.2 11.8

Nov 2021

9.9 14.9 42.9 11.8 7.5 12.0

Dec 2021

10.0 13.4 31.6 13.1 8.4 12.2

Jan 2022

10.1 13.6 31.3 13.2 8.2 15.7

Feb 2022

10.4 14.4 33.1 14.0 8.4 16.2

Mar 2022

11.5 15.8 37.4 16.1 9.2 16.5

Apr 2022

10.9 16.4 40.0 16.2 7.9 19.3

May 2022

10.8 16.6 45.3 13.0 7.6 19.0

From May 2021 to May 2022, the increase in producer prices for final demand was driven largely by a 16.6-percent increase in prices for final demand goods. This can be attributed to a 45.3-percent advance in prices for final demand energy over the past 12 months. Over that period, prices for final demand construction rose 19.0 percent.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — May 2022." Producer price indexes measure prices U.S. producers receive for goods, services, and construction. All producer price data are subject to revision in each month after initial publication before becoming final 4 months after initial publication. Also see charts related to the latest "U.S. Producer Price Indexes" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices for final demand increased 10.8 percent for the year ended in May 2022 at https://www.bls.gov/opub/ted/2022/producer-prices-for-final-demand-increased-10-8-percent-for-the-year-ended-in-may-2022.htm (visited July 06, 2022).

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