Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index (PPI) for finished goods fell at an annualized rate of 7.7 percent in April, its second consecutive monthly decrease. On a year-over-year basis, the PPI is its April 2012 level. The greatest contributor to this decrease was a large drop in energy prices, decreasing by 3.2 percent. Producer prices for finished consumer foods in April decreased 0.8 percent from March. Excluding volatile food and energy prices, “core” PPI rose 1.8 percent year over year. At earlier stages of production, core intermediate good prices decreased 0.2 percent from April to March, and core crude prices less energy increased decreased 2.8 percent over the same period.