Seasonally-adjusted US PPI for final demand falls 0.2% in May

On an unadjusted basis, the PPI for final demand advanced by 2.2 per cent for the 12 months ended in May.

The May decrease in final demand prices can be attributed to a 0.8-per cent decline in the index for final demand for goods—the largest decline since moving down by 1.2 per cent in October 2023. Prices for final demand services remained unchanged.

Prices for final demand less food, energy and trade services were unchanged in May following a 0.5-per cent increase in April. For the 12 months ended in May, the index for this demand rose by 3.2 per cent.

Leading the May decrease, the index for final demand energy dropped by 4.8 per cent. The index for final demand goods less food and energy advanced by 0.3 per cent in the month.

ALCHEMPro News Desk (DS)