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Producer Price Indexes - April 2022
The Producer Price Index for final demand increased 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 1.6 percent in March and 1.1 percent in February. (See table A.) On an unadjusted basis, final demand prices moved up 11.0 percent for the 12 months ended in April. In April, the rise in the index for final demand is primarily attributable to a 1.3-percent advance in prices for final demand goods. The index for final demand construction increased 4.0 percent, while prices for final demand services were unchanged. Prices for final demand less ... (full story)
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US Producer Prices Rise More Than Expected In April
After yesterday's hotter-than-expected CPI, analysts expected US Producer Price inflation to slow modestly in April (from +11.2% YoY to +10.7% YoY) but just like CPI, PPI rose more than expected at +11.0% YoY (up 0.5% MoM)... Core PPI missed expectations, rising 0.4% MoM (vs 0.6% MoM exp) and up 8.8% YoY (vs +8.9% YoY exp). In April, the rise in the index for final demand is primarily attributable to a 1.3-percent advance in prices for final demand goods. The index for final demand construction increased 4.0 percent, while prices for final demand services were unchanged. While final demand PPI did slow its growth - ... (full story)
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