The Producer Price Index for final demand rose 0.5 percent in May, seasonally adjusted, according to the U.S. Bureau of Labor Statistics. Final demand prices fell 0.4 percent in April and advanced 0.2 percent in March. On an unadjusted basis, the final demand index declined 1.1 percent for the 12 months ended in May, the fourth straight 12-month decrease.
In May, the increase in the final demand index can be traced to prices for final demand goods, which rose 1.3 percent. The index for final demand services was unchanged.
Within intermediate demand, prices for processed goods climbed 1 percent, the index for unprocessed goods jumped 3.3 percent and prices for services fell 0.5 percent.
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