Seasonally-adjusted US PPI for final demand up 0.5% in April 2024: BLS

Final demand prices declined by 0.1 per cent in March and advanced by 0.6 per cent in February.

On an unadjusted basis, the index for final demand moved up by 2.2 per cent for the 12 months ended in April—the largest increase since rising by 2.3 per cent for the 12 months ended April 2023.

Nearly three-quarters of the April advance in final demand prices is attributable to a 0.6-per cent increase in the index for final demand services.

Prices for final demand for goods moved up by 0.4 per cent, after decreasing by 0.2 per cent in March. Most of the advance is attributable to the index for final demand energy, which moved up by 2 per cent.

Prices for final demand for goods less food and energy increased by 0.3 per cent.

The index for final demand less food, energy, and trade services moved up by 0.4 per cent in April after rising by 0.2 per cent in March. For the 12 months ended in April, prices for this demand increased by 3.1 per cent—the largest advance since climbing by 3.4 per cent for the 12 months ended April 2023.

Within intermediate demand in April, prices for processed goods rose by 0.6 per cent and the index for unprocessed goods increased by 3.2 per cent.

The index for processed goods for intermediate demand advanced by 0.6 per cent in April following a 0.5-per cent decrease in March. Leading the increase, prices for processed energy goods rose by 1.6 per cent.

The index for processed materials less foods and energy moved up by 0.4 per cent.

Fibre2Fashion News Desk (DS)