Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index rose at an annualized rate of 5.7 percent in May, the first increase in two months. On a year-over-year basis the PPI is up 1.8 percent. Producer prices for finished consumer foods in May rose 8.0 percent following a decrease of 9.5 percent in April. Energy prices increased sharply to 16.8 percent in May following a large decrease of 26.5 percent in April. Year-over-year energy prices are up a slight 0.9 percent. Excluding volatile food and energy prices, “core” PPI rose 0.7 percent in May, the smallest increase observed all year. At earlier stages of production, core intermediate good prices decreased 4.2 percent and core crude prices decreased 24.6 percent in May.