PPI drops in May 2005
June 15, 2005
The Producer Price Index for Finished Goods fell 0.6 percent in May, seasonally adjusted. This decline followed a 0.6-percent increase in April and a 0.7-percent advance in March.
The index for finished energy goods fell 3.5 percent in May, after rising 2.1 percent in April. Accounting for nearly half of this downturn, gasoline prices dropped 9.9 percent in May, following a 2.6-percent increase a month earlier.
Prices for finished consumer foods declined 0.3 percent in May, compared with a 0.1-percent rise in April. The index for fresh and dry vegetables dropped 15.0 percent, following a 1.1-percent increase in the preceding month.
The index for finished consumer goods other than foods and energy inched up 0.1 percent in May, following a 0.2-percent advance in April.
From May 2004 to May 2005, prices for finished goods increased 3.5 percent, as shown in the chart. Over the same period, the index for finished energy goods climbed 10.2 percent, the index for finished consumer foods advanced 0.8 percent, and prices for finished goods other than foods and energy rose 2.6 percent.
These data are from the BLS Producer Price Index program. For more information, see "Producer Price Indexes -- May 2005" (PDF) (TXT), news release USDL 05-1053. 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, PPI drops in May 2005 on the Internet at https://www.bls.gov/opub/ted/2005/jun/wk2/art03.htm (visited February 16, 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.