May 2020 Producer Price Index — 2020-06-11

The Producer Price Index for final demand rose 0.4 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This increase followed declines of 1.3 percent in April and 0.2 percent in March. (See table A.) On an unadjusted basis, the final demand index decreased 0.8 percent for the 12 months ended in May. In May, the advance in the final demand index is attributable to prices for final demand goods, which climbed 1.6 percent. In contrast, the index for final demand services fell 0.2 percent. Final demand goods: The index for final demand goods rose 1.6 percent in May, the largest increase since the index began in November 2009. Nearly two-thirds of the advance can be traced to prices for final demand foods, which increased 6.0 percent. The index for final demand energy climbed 4.5 percent, while prices for goods less foods and energy were unchanged.