April 2020 Producer Price Index — 2020-05-13

The Producer Price Index for final demand declined 1.3 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease is the largest since the index began in December 2009. Final demand prices fell 0.2 percent in March and 0.6 percent in February. (See table A.) On an unadjusted basis, the final demand index moved down 1.2 percent for the 12 months ended in April, the largest decline since falling 1.3 percent for the 12 months ended November 2015. In April, over 80 percent of the decrease in the final demand index can be traced to a 3.3-percent drop in prices for final demand goods. The index for final demand services moved down 0.2 percent. Prices for final demand less foods, energy, and trade services fell 0.9 percent in April, the largest decline since the index was introduced in September 2013.