
The Producer Price Index for final demand rose 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices declined 0.1% in March and advanced 0.6% in February. On an unadjusted basis, the index for final demand moved up 2.2% for the 12 months ended in April, the largest increase since rising 2.3% for the 12 months ended April 2023.
Nearly three-quarters of the April advance in final demand prices is attributable to a 0.6% increase in the index for final demand services. Prices for final demand goods moved up 0.4%.
The index for final demand less foods, energy, and trade services moved up 0.4% in April after rising 0.2% in March. For the 12 months ended in April, prices for final demand less foods, energy, and trade services increased 3.1%, the largest advance since climbing 3.4 % for the 12 months ended April 2023.