Skip to main content

U.S. Producer Price Index Increased in May

Publish date:
Video Duration:

This morning The U.S. Bureau of Labor Statistics reported that the Producer Price Index for final demand ticked up 0.1% on a seasonally adjusted basis in May, matching expectations for a 0.1% monthly increase. This rise follows a 0.2% increase in April. On an annual basis (unadjusted), the PPI increased 1.8%, coming up short of expectations for a 1.95% annual increase, following a 2.2% annual rate of advance in April

Core PPI -- which excludes volatile food, energy and trade services and is often considered a more relevant metric than overall PPI due to its closer correlation to inflation -- popped 0.4% in May following a similar move in April and is up 2.3% from the same time last year.

Digging deeper, the final demand goods index decreased 0.2%, driven by a 1.0% decrease in the final demand energy index; while the final demand services index increased 0.3% reflecting a 0.5 % increase in the index for final demand less trade, transportation and warehousing.

For how this macro data can be applied to your own portfolio get over to our premium site

WatchU.S. Producer Price Index Increased in May

Related Videos