Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index (PPI) for finished goods decreased at an annualized rate of 2.4 percent in April, following a flat reading in March. Falling energy prices (down 15.4 percent) were a large part of the headline dip. Prices for finished consumer foods rose 2.5 percent, and excluding food and energy, the PPI rose 2.0 percent in April. On a year-over-year basis, the headline PPI is up 1.9 percent, which is below its longer-term (20-year) growth rate of 2.3 percent. Excluding food and energy prices, the “core” PPI is up 2.7 percent over the past year, and is up 2.5 percent over the past three months. Further back on the production line, pricing pressure was mixed, as core intermediate goods prices rose a modest 2.5 percent, and volatile core crude goods prices fell 19.5 percent in April after a 14 percent increase in March.