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Producer Price Index increased 0.1% in April, ex Fd & Engy up 0.1%
The Producer Price Index for final demand rose 0.1 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.3 percent in March and 0.2 percent in February. (See table A.) On an unadjusted basis, the final demand index increased 2.6 percent for the 12 months ended in April.
In April, the index for final demand services advanced 0.1 percent, and prices for final demand goods were unchanged.
The index for final demand less foods, energy, and trade services edged up 0.1 percent in April after increasing 0.4 percent in March. For the 12 months ended in April, prices for final demand less foods, energy, and trade services advanced 2.5 percent.
Final demand services: Prices for final demand services inched up 0.1 percent in April, the fourth straight rise. The advance in April was led by the index for final demand trade services, which increased 0.2 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) Prices for final demand transportation and warehousing services rose 0.6 percent. Conversely, the index for final demand services less trade, transportation, and warehousing services declined 0.1 percent.
Product detail: A major factor in the April advance in prices for final demand services was the index for machinery, equipment, parts, and supplies wholesaling, which climbed 0.9 percent. The indexes for services related to securities brokerage and dealing (partial), residential real estate loans (partial), airline passenger services, and wireless telecommunication services also moved higher. In contrast, prices for traveler accommodation services fell 3.2 percent. The indexes for health, beauty, and optical goods retailing; legal services; and apparel wholesaling also decreased.
Final demand goods: Prices for final demand goods were unchanged in April after increasing 0.3 percent in March. In April, a 0.3-percent rise in the index for final demand goods less foods and energy and a 0.1-percent advance in prices for final demand energy offset a 1.1-percent drop in the index for final demand foods.
Product detail: Among prices for final demand goods in April, the index for tobacco products jumped 2.6 percent. The indexes for carbon steel scrap; search, detection, navigation, and guidance systems; pharmaceutical preparations; diesel fuel; and prepared poultry products also increased. Conversely, prices for fresh and dry vegetables fell 17.8 percent. The indexes for chicken eggs, beef and veal, residential electric power, and basic organic chemicals also moved lower.
Posted: May 9, 2018 Wednesday 08:30 AM