The Producer Price Index for Finished Goods increased 0.9 percent in May, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This advance followed a 0.7-percent rise in April and a 1.0-percent increase in March.
; The index for finished goods excluding foods and energy moved up 0.2 percent in May after remaining unchanged in April. At the earlier stages of processing, prices received by producers of intermediate goods increased 1.1 percent in May after advancing 0.9 percent a month earlier, and the crude goods index turned up 2.0 percent following a decline of 1.5 percent in April.   ; Among finished goods, the index for consumer goods less foods and energy moved up 0.3 percent in May after inching down 0.1 percent in the previous month, while prices for energy goods gained 4.1 percent subsequent to a 3.4-percent increase in April.   ; By contrast, slightly counteracting the overall acceleration in finished goods prices, the index for consumer foods decreased 0.2 percent in May compared with a 0.4-percent rise in the prior month. Prices for capital equipment edged up 0.1 percent for the second consecutive month.   ; Before seasonal adjustment, the Producer Price Index for Finished Goods advanced 1.2 percent in May to 167.8 (1982 = 100). From May 2006 to May 2007, finished goods prices rose 4.1 percent. Over the same period, the index for finished consumer foods increased 8.5 percent, prices for finished energy goods rose 7.2 percent, and the index for finished goods less foods and energy moved up 1.6 percent. For the 12 months ended in May 2007, prices received by manufacturers of intermediate goods advanced 3.7 percent, and the crude goods index climbed 11.5 percent.   ; Finished goods Prices for finished consumer goods less foods and energy advanced 0.3 percent in May following a 0.1-percent decline in April. The pharmaceutical preparations index increased 0.4 percent after decreasing 0.2 percent a month earlier.   ; Prices for household appliances, floor coverings, and tires also turned up in May. The indexes for passenger cars and light motor trucks declined less than in April. Prices for cosmetics and other toilet preparations advanced more than they had in the previous month. By contrast, slightly counteracting the upturn in the finished consumer goods less foods and energy index, prices for motor homes edged down 0.1 percent compared with a 2.7-percent rise a month earlier.   ; The finished energy goods index rose 4.1 percent in May following a 3.4-percent advance in April. Leading this acceleration, prices for gasoline jumped 10.2 percent after rising 8.2 percent a month earlier. Similarly, the indexes for residential electric power, liquefied petroleum gas, and residential natural gas also increased more than they had in the preceding month. By contrast, prices for home heating oil rose 2.3 percent subsequent to a 4.8-percent gain in April. The diesel fuel index moved down following an increase in the prior month.   ; The index for finished consumer foods declined 0.2 percent in May following a 0.4-percent advance in the preceding month. Prices for fresh and dry vegetables dropped 35.0 percent following an 8.9-percent increase in April. The index for processed young chickens also turned down in May, and prices for beef and veal rose less than they had in April. By contrast, the index for fresh fruits and melons climbed 12.1 percent in May subsequent to a 2.8-percent decrease in the previous month. Prices for eggs for fresh use, pork, and for sausages and deli meats also turned up in May. The indexes for dairy products and for processed fruits and vegetables increased more than they had in April.   ; The capital equipment index inched up 0.1 percent in May, the same rate of advance as in the prior month. In May, rising prices