BLS report: PPI for final demand advances 0.5% in April; services increase 0.4%, goods rise 0.5%

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PPI for final demand advances 0.5% in April; services increase 0.4%, goods rise 0.5%

Economic News Release USDL 17-0592

Producer Price Index News Release text

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PRODUCER PRICE INDEXES - APRIL 2017


The Producer Price Index for final demand advanced 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices edged down 0.1 percent in March and climbed 0.3 percent in February. (See table A.) On an unadjusted basis, the final demand index rose 2.5 percent for the 12 months ended April 2017, the largest increase since moving up 2.8 percent for the 12 months ended February 2012.

In April, almost two-thirds of the advance in the final demand index is attributable to prices for final demand services, which moved up 0.4 percent. The index for final demand goods climbed 0.5 percent.

Prices for final demand less foods, energy, and trade services increased 0.7 percent in April. For the 12 months ended in April, the index for final demand less foods, energy, and trade services climbed 2.1 percent.

Final Demand

Final demand services: The index for final demand services moved up 0.4 percent in April after edging down 0.1 percent in March. Most of the increase can be traced to prices for final demand services less trade, transportation, and warehousing, which advanced 0.8 percent. The index for final demand transportation and warehousing services increased 0.7 percent. Conversely, margins for final demand trade services moved down 0.3 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.)
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The Producer Price Index for May 2017 is scheduled to be released on Tuesday, June 13, 2017 at 8:30 a.m. (EDT).

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