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 11.7 percent in May following a 2.4 percent decline in April. Dragged down by sharp decreases in energy prices over the past three months (and a 6.5 percent decrease in foods prices in May), the year-over-year growth rate in the headline PPI has slowed from 4.1 percent in January to just 0.7 percent as of May. Excluding food and energy prices, the “core” PPI rose 2.0 percent in May, matching its increase in April, and is now up 2.7 percent over the past year. Further back on the production line, pricing pressure was to the downside, as core intermediate goods prices slipped down 2.4 percent and volatile core crude goods prices fell 15 percent in May.