Producer prices edge up in May
June 15, 2001
The Producer Price Index for Finished Goods rose 0.1 percent in May, seasonally adjusted. This increase followed a 0.3-percent gain in April and a 0.1-percent decline in March.
Prices for finished goods other than foods and energy increased 0.2 percent for the second consecutive month. The May increase in the finished goods index was led by a 5.6-percent jump in cigarette prices. (Excluding cigarettes, the index for overall finished goods and the index for finished goods other than foods and energy both would have decreased 0.1 percent in May.)
Higher finished energy goods prices also contributed to May's increase, although to a lesser extent. By contrast, the index for finished consumer foods fell 0.4 percent, and capital equipment prices declined 0.1 percent in May.
From May 2000 to May 2001, prices for finished goods gained 3.8 percent. Over the same period, the index for finished energy goods increased 14.5 percent, prices for finished goods other than foods and energy advanced 1.6 percent, and the finished consumer foods index rose 2.6 percent.
These data are a product of the BLS Producer Price Index program. Find out more in the "Producer Price Indexes, May 2001", news release USDL 01-174. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices edge up in May on the Internet at https://www.bls.gov/opub/ted/2001/june/wk2/art05.htm (visited February 27, 2020).
Recent editions of Spotlight on Statistics
- Labor Market Activity of Blacks in the United States
Examines data on the labor market and related topics for the Black or African American population.
- Workers’ Access to and Use of Leave from Their Jobs in 2017–18
Examines the reasons for which workers can take leave, their use of leave, and the reasons they did not take available leave even when they needed to.
- A look at employment and wages in U.S. establishments with foreign ownership
Examines employment and wages in U.S. establishments that have at least one foreign owner with at least 10 percent ownership.
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.