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Producer prices up 2.2 percent from April 2023 to April 2024

May 16, 2024

The Producer Price Index for final demand moved up 2.2 percent from April 2023 to April 2024, the largest increase since rising 2.3 percent for the 12 months ended April 2023.

12-month percent change in Producer Price Indexes for final demand, selected categories
Month Total Total less foods, energy, and trade services Goods Foods Energy Goods less foods and energy Services Trade Transportation and warehousing Services less trade, transportation, and warehousing

Apr 2015

-1.1 0.8 -5.5 -4.5 -24.0 0.4 1.2 1.8 -1.9 1.2

May 2015

-0.8 0.7 -4.0 -3.0 -19.0 0.5 0.8 0.8 -2.0 1.2

Jun 2015

-0.5 0.8 -3.7 -2.7 -18.2 0.7 1.1 1.7 -2.1 1.3

Jul 2015

-0.7 0.9 -3.8 -3.3 -17.9 0.5 0.8 0.8 -2.2 1.3

Aug 2015

-1.0 0.6 -4.3 -2.6 -19.9 0.4 0.7 1.0 -3.4 1.1

Sep 2015

-1.1 0.5 -5.1 -3.0 -23.6 0.2 0.9 2.0 -3.2 1.0

Oct 2015

-1.4 0.4 -4.8 -4.2 -21.4 -0.1 0.3 -0.2 -2.9 0.9

Nov 2015

-1.3 0.2 -4.4 -4.3 -19.2 -0.1 0.4 0.4 -2.7 0.7

Dec 2015

-1.1 0.3 -3.8 -5.2 -16.4 -0.1 0.2 0.0 -3.5 0.8

Jan 2016

0.0 0.8 -2.4 -3.5 -11.1 0.0 1.2 1.1 -2.3 1.7

Feb 2016

0.1 0.9 -2.8 -2.0 -15.4 0.2 1.6 2.3 -2.0 1.7

Mar 2016

-0.1 0.9 -2.8 -2.5 -15.4 0.3 1.3 1.4 -1.9 1.8

Apr 2016

0.2 1.0 -2.0 -2.1 -12.3 0.6 1.2 1.6 -1.9 1.6

May 2016

0.0 1.0 -2.5 -2.5 -13.9 0.6 1.4 1.9 -2.5 1.5

Jun 2016

0.2 1.0 -2.2 -2.4 -11.6 0.5 1.5 2.2 -2.5 1.6

Jul 2016

0.0 1.0 -2.2 -2.6 -11.4 0.5 1.1 0.6 -1.9 1.7

Aug 2016

0.0 1.2 -1.9 -4.1 -10.0 0.8 1.0 0.3 -1.4 1.7

Sep 2016

0.6 1.3 -0.4 -3.1 -2.9 0.9 1.4 0.8 -1.8 1.9

Oct 2016

1.1 1.5 0.4 -3.2 0.5 1.2 1.6 1.3 -0.9 2.1

Nov 2016

1.3 1.8 0.5 -3.5 0.2 1.5 1.7 1.4 -0.4 2.2

Dec 2016

1.7 1.8 1.9 -1.6 6.3 1.7 1.6 1.0 1.1 2.0

Jan 2017

1.7 1.7 3.1 -2.1 13.7 2.0 1.1 0.4 1.0 1.5

Feb 2017

2.0 1.8 4.0 -1.4 19.2 2.1 1.0 -0.4 1.7 1.6

Mar 2017

2.2 1.8 4.1 0.6 15.3 2.4 1.3 0.9 0.6 1.5

Apr 2017

2.5 2.0 4.1 2.2 14.1 2.4 1.7 1.1 1.7 1.9

May 2017

2.3 2.1 2.9 1.0 7.9 2.2 2.0 1.7 2.0 2.2

Jun 2017

1.9 2.1 2.2 1.1 3.8 2.1 1.7 0.6 2.2 2.2

Jul 2017

2.0 2.0 2.3 1.6 3.9 2.0 1.9 1.6 1.3 2.1

Aug 2017

2.4 1.9 3.1 2.3 8.3 2.1 2.2 2.8 1.7 1.9

Sep 2017

2.6 2.1 3.4 1.6 10.7 2.2 2.1 2.1 3.5 1.9

Oct 2017

2.8 2.4 3.2 2.6 7.9 2.3 2.4 2.6 3.5 2.2

Nov 2017

3.0 2.4 4.2 3.2 12.5 2.4 2.3 2.1 3.9 2.3

Dec 2017

2.5 2.3 3.5 2.0 10.1 2.2 2.1 1.8 2.3 2.3

Jan 2018

2.6 2.5 3.2 1.9 8.7 2.1 2.2 1.4 2.3 2.6

Feb 2018

2.8 2.7 3.1 0.6 9.0 2.2 2.7 2.6 3.1 2.7

Mar 2018

2.9 2.9 3.3 1.9 8.6 2.3 2.8 1.8 4.9 3.0

Apr 2018

2.7 2.6 3.0 -0.6 9.4 2.2 2.5 1.7 4.5 2.5

May 2018

3.1 2.7 4.3 0.6 15.9 2.5 2.4 1.4 5.0 2.6

Jun 2018

3.3 2.7 4.4 -1.1 17.5 2.6 2.7 2.4 5.6 2.5

Jul 2018

3.4 3.0 4.4 -1.3 17.0 2.8 2.7 2.0 6.2 2.7

Aug 2018

3.0 3.0 3.9 -1.1 13.9 2.8 2.5 1.2 5.8 2.7

Sep 2018

2.7 3.1 3.4 -1.2 10.0 2.8 2.5 0.9 6.1 2.8

Oct 2018

3.1 3.0 3.8 -0.6 12.6 2.7 2.6 1.6 6.6 2.7

Nov 2018

2.6 2.9 2.6 0.4 4.1 2.7 2.6 2.0 6.4 2.6

Dec 2018

2.6 2.8 1.6 2.8 -3.1 2.6 3.0 3.1 6.5 2.6

Jan 2019

1.9 2.6 0.6 1.3 -7.4 2.5 2.6 2.5 6.4 2.1

Feb 2019

1.9 2.4 0.7 1.6 -6.5 2.3 2.4 2.4 4.5 2.2

Mar 2019

2.0 2.2 1.2 0.0 -0.9 2.1 2.3 2.7 3.6 2.0

Apr 2019

2.4 2.4 1.7 1.2 1.2 1.9 2.7 3.3 3.9 2.3

May 2019

2.1 2.4 0.8 0.6 -2.2 1.6 2.7 2.7 3.9 2.5

Jun 2019

1.6 2.1 0.0 2.3 -6.8 1.3 2.3 2.2 3.1 2.3

Jul 2019

1.6 1.9 0.3 2.6 -5.3 1.2 2.3 2.7 2.9 2.1

Aug 2019

1.9 1.9 -0.1 2.3 -6.7 1.0 2.7 3.9 2.5 2.2

Sep 2019

1.5 1.7 -0.5 2.7 -8.4 0.9 2.3 3.2 1.1 2.0

Oct 2019

1.0 1.5 -0.6 3.2 -8.8 0.7 1.9 2.2 0.9 1.8

Nov 2019

1.0 1.4 0.2 3.4 -4.4 0.6 1.4 0.8 0.1 1.8

Dec 2019

1.4 1.5 1.0 1.2 2.4 0.6 1.4 0.8 2.2 1.8

Jan 2020

2.0 1.5 1.8 2.8 6.4 0.6 1.9 1.5 0.7 2.2

Feb 2020

1.1 1.4 0.6 1.1 0.1 0.6 1.4 0.7 1.0 1.7

Mar 2020

0.3 1.0 -1.7 0.7 -12.6 0.4 1.3 1.4 -1.8 1.5

Apr 2020

-1.5 -0.1 -5.2 0.3 -30.7 0.2 0.3 1.7 -5.7 0.3

May 2020

-1.1 -0.2 -3.6 6.5 -27.5 0.2 0.2 1.5 -4.9 0.1

Jun 2020

-0.7 0.1 -2.6 0.6 -17.2 0.3 0.3 1.2 -3.9 0.3

Jul 2020

-0.3 0.3 -2.2 -0.4 -14.2 0.5 0.7 1.9 -4.7 0.6

Aug 2020

-0.3 0.4 -1.6 -0.1 -12.3 0.8 0.3 1.1 -5.2 0.7

Sep 2020

0.3 0.8 -1.0 1.3 -11.7 1.1 0.9 1.7 -4.2 1.2

Oct 2020

0.6 0.9 -1.0 2.2 -12.6 1.0 1.3 2.5 -3.4 1.3

Nov 2020

0.8 1.0 -0.8 0.9 -11.0 1.3 1.6 3.1 -3.8 1.4

Dec 2020

0.8 1.3 0.0 -0.2 -6.8 1.7 1.3 1.9 -5.9 1.7

Jan 2021

1.6 1.9 1.3 1.2 -2.7 2.3 1.8 2.3 -4.1 2.3

Feb 2021

3.0 2.3 3.5 4.5 5.9 2.7 2.6 3.4 -2.9 2.8

Mar 2021

4.1 3.1 7.0 5.1 23.7 3.6 2.9 2.6 1.6 3.2

Apr 2021

6.5 4.8 10.9 7.3 48.9 4.8 4.5 3.8 9.0 4.5

May 2021

7.0 5.3 11.1 4.3 46.4 6.1 5.1 5.8 7.8 4.6

Jun 2021

7.6 5.6 11.9 10.9 36.0 7.0 5.5 6.8 8.0 4.8

Jul 2021

8.0 6.0 12.1 10.4 33.9 7.6 6.0 7.6 11.4 4.8

Aug 2021

8.7 6.2 12.7 13.0 33.0 8.0 6.8 10.0 13.2 4.7

Sep 2021

8.8 6.1 13.4 13.3 36.2 8.3 6.7 10.4 11.3 4.5

Oct 2021

8.9 6.2 14.3 10.6 43.0 8.9 6.2 9.4 10.9 4.3

Nov 2021

9.9 7.0 14.9 11.8 42.9 9.4 7.5 11.8 14.6 4.8

Dec 2021

10.0 7.0 13.4 13.1 31.6 9.3 8.4 14.2 17.0 4.8

Jan 2022

10.1 6.9 13.6 13.2 31.3 9.4 8.2 14.8 15.9 4.3

Feb 2022

10.4 6.7 14.4 14.0 33.0 9.7 8.4 16.4 16.8 3.8

Mar 2022

11.7 7.1 15.8 16.1 37.4 10.0 9.4 18.9 21.8 3.8

Apr 2022

11.2 6.8 16.4 16.3 39.8 10.2 8.3 16.7 20.6 3.1

May 2022

11.1 6.8 16.7 13.6 44.9 9.8 8.0 15.3 23.4 3.0

Jun 2022

11.2 6.4 17.6 12.5 52.9 9.2 7.8 14.8 22.9 2.8

Jul 2022

9.7 5.8 14.7 15.1 35.8 8.5 6.9 13.8 19.1 2.3

Aug 2022

8.7 5.6 12.3 12.8 26.6 8.1 6.5 12.5 16.8 2.5

Sep 2022

8.5 5.6 11.3 12.0 24.0 7.5 6.7 12.4 17.8 2.7

Oct 2022

8.2 5.5 10.5 13.0 21.3 6.7 6.7 11.9 16.9 3.0

Nov 2022

7.4 4.9 9.6 15.3 16.3 6.1 6.0 10.7 12.9 2.9

Dec 2022

6.4 4.7 7.9 14.3 9.4 5.8 5.3 9.2 10.8 2.8

Jan 2023

5.7 4.4 7.7 11.2 11.1 5.6 4.5 6.9 10.5 2.6

Feb 2023

4.7 4.5 5.3 6.7 4.6 5.1 4.2 5.0 7.8 3.3

Mar 2023

2.7 3.7 1.9 4.5 -7.3 4.3 2.7 2.1 1.2 3.2

Apr 2023

2.3 3.4 0.7 2.5 -8.3 3.3 2.8 2.2 -3.2 3.9

May 2023

1.1 2.9 -2.3 0.6 -18.3 2.7 2.6 2.5 -6.1 3.7

Jun 2023

0.3 2.9 -4.3 0.4 -23.9 2.0 2.5 1.3 -6.9 4.2

Jul 2023

1.1 2.9 -2.4 -0.5 -16.0 1.9 3.0 2.1 -6.3 4.5

Aug 2023

1.9 2.9 0.4 -0.8 -3.0 1.8 2.7 1.2 -5.4 4.4

Sep 2023

1.8 2.9 0.8 -1.6 -1.3 2.1 2.4 0.4 -5.0 4.3

Oct 2023

1.1 2.8 -1.1 -2.4 -9.4 2.1 2.2 0.0 -4.5 4.2

Nov 2023

0.8 2.5 -1.6 -4.8 -9.6 2.0 2.0 -0.1 -4.3 3.7

Dec 2023

1.1 2.7 -0.5 -4.1 -4.7 1.9 1.8 -1.5 -4.4 4.1

Jan 2024

1.0 2.7 -1.5 -3.0 -9.3 1.5 2.3 -0.4 -4.0 4.3

Feb 2024

1.6 2.7 0.2 0.3 -4.3 1.6 2.4 0.0 -2.2 4.1

Mar 2024

1.8 2.8 0.8 0.5 -1.0 1.4 2.4 -0.5 -1.3 4.2

Apr 2024

2.2 3.1 1.3 0.5 1.0 1.6 2.7 -0.3 0.3 4.4

Note: Data are not seasonally adjusted. All data are subject to revision 4 months after originally published.

For the 12 months ended in April 2024, prices for final demand less foods, energy, and trade services increased 3.1 percent, the largest advance since climbing 3.4 percent for the same period one year ago.

Producer prices for goods rose 1.3 percent over the year ended April 2024, while prices for services rose 2.7 percent. Producer prices for services less trade, transportation and warehousing rose 4.4 percent.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — April 2024." Producer price indexes measure prices that 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. We also have more 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 up 2.2 percent from April 2023 to April 2024 at https://www.bls.gov/opub/ted/2024/producer-prices-up-2-2-percent-from-april-2023-to-april-2024.htm (visited June 20, 2024).

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