Producer Price Index for final demand decreased 0.1 percent for the year ended May 2016

June 17, 2016

The Producer Price Index for final demand decreased 0.1 percent from May 2015 to May 2016, after being unchanged for the year ending April 2016. The index for final demand goods decreased 2.6 percent, led by a 14.6-percent decline in prices for final demand energy.
Producer Price Indexes for final demand, percent change, May 2015–May 2016
Grouping 12-month percent change

Final demand goods

-2.6%

Final demand foods

-2.6

Finished consumer foods

-2.7

Government purchased foods

-4.3

Foods for export

-1.7

Final demand energy

-14.6

Finished consumer energy goods

-12.6

Government purchased energy

-20.7

Energy for export

-31.1

Final demand goods less foods and energy

0.7

Finished goods less foods and energy

1.6

Government purchased goods, excluding foods and energy

0.0

Goods for export, excluding foods and energy

-0.9

Final demand services

1.4

Final demand trade services

2.4

Trade of finished goods

2.5

Trade of government purchased goods

2.4

Trade of exports

1.9

Final demand transportation and warehousing services

-2.9

Transportation of passengers for final demand

-6.5

Transportation and warehousing of goods for final demand

-1.7

Final demand services less trade, transportation, and warehousing

1.3

Finished services less trade, transportation, and warehousing

1.2

Government purchased services less trade, transportation, and warehousing

1.4

Services for export less trade, transportation, and warehousing

3.2

Final demand construction

1.9

Construction for private capital investment

1.9

Construction for government

1.8
Note: These data are not seasonally adjusted. Producer price indexes are subject to revision 4 months after original publication.

Within final demand energy, the producer price indexes for finished consumer energy goods (−12.6 percent), government purchased energy (−20.7 percent), and energy for export (−31.1 percent) all decreased from May 2015 to May 2016.

For the year ended May 2016, the index for final demand services increased 1.4 percent. The index for trade services, which measures changes in the margins wholesalers and retailers receive, increased 2.4 percent. Prices for transportation and warehousing services decreased 2.9 percent, the fifteenth straight 12-month decrease.

These data are from the Producer Price Indexes program. To learn more, see "Producer Price Indexes — May 2016" (HTML) (PDF). All producer price indexes are subject to revision once, 4 months after original publication; these revisions reflect late reports and corrections by respondents. Producer price indexes measure prices U.S. producers receive for goods, services, and construction.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index for final demand decreased 0.1 percent for the year ended May 2016 on the Internet at https://www.bls.gov/opub/ted/2016/producer-price-index-for-final-demand-decreased-for-the-year-ended-may-2016.htm (visited September 15, 2019).

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