PPI Rises 0.1% in May on Higher Trade Margins, Goods Prices


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- The Producer Price Index for final demand advanced 
0.1% in May, seasonally adjusted, following declines of 0.2% in April and 0.1% 
in March, the U.S. Bureau of Labor Statistics reported Thursday. On an 
unadjusted basis, the index for final demand rose 2.6% year-on-year.  

   The May increase was led by a 0.1% rise in prices for final demand for 
services. The index for final demand goods also increased by 0.2%. 

   Within final demand for goods, more than 80% of the rise came from goods 
excluding food and energy, which advanced 0.2%. Prices for final demand foods 
edged up 0.1%, while the energy index was unchanged. Prices for jet fuel 
declined 8.2%, while tobacco products rose 0.9%. 

   The index for final demand services inched up 0.1% after falling 0.4% in 
April. This was driven by a 0.4% increase in margins for final demand for trade 
services. Prices for transportation and warehousing services decreased by 0.2%, 
while the index for services excluding trade, transportation, and warehousing 
was unchanged. 

   Excluding food, energy, and trade services, the index for final demand rose 
0.1% in May after falling 0.1% in April. Over the past 12 months, this core 
measure has increased 2.7%. 




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