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Producer Price Index for final demand up 3.1 percent for the year ended May 2018

June 19, 2018

The Producer Price Index for final demand increased 3.1 percent for the 12 months ended in May 2018, the largest 12-month increase since it increased 3.1 percent in January 2012.

Producer Price Indexes for final demand, 12-month percent change, January 2011–May 2018
   Month    Final demand (total)  Goods   Foods  Energy Final demand less foods and energy Services Transportation and warehousing services Trade services Final demand services less trade, transportation, and warehousing Construction

Jan 2011

2.4% 4.6% 6.1% 10.4% _ 1.2% 4.7% 0.6% 1.1% 0.8%

Feb 2011

3.3 6.6 9.9 16.7 _ 1.4 5.6 1.1 1.2 0.8

Mar 2011

4.0 6.7 6.6 20.1 _ 2.3 6.8 2.5 1.7 1.0

Apr 2011

4.2 7.6 8.1 23.1 2.5 2.2 6.9 2.2 1.7 1.5

May 2011

4.2 8.0 6.8 25.6 2.3 2.0 7.5 2.1 1.3 1.5

Jun 2011

4.3 8.2 10.6 22.1 2.6 2.3 6.5 2.5 1.6 1.6

Jul 2011

4.5 8.3 10.1 21.7 2.7 2.3 6.0 2.5 1.6 2.6

Aug 2011

4.4 7.6 11.2 17.2 3.0 2.7 7.1 3.8 1.7 2.8

Sep 2011

4.5 7.9 10.6 19.5 2.9 2.6 7.7 3.1 1.7 2.7

Oct 2011

3.7 6.4 8.3 14.0 2.7 2.2 7.1 2.3 1.5 3.7

Nov 2011

3.7 5.8 7.7 13.1 2.7 2.4 6.6 2.8 1.7 3.9

Dec 2011

3.2 4.7 5.7 9.2 2.6 2.3 6.7 2.3 1.8 3.8

Jan 2012

3.1 4.0 5.1 7.3 2.5 2.4 5.8 3.1 1.7 4.0

Feb 2012

2.8 3.3 1.2 7.2 2.6 2.4 5.6 3.4 1.7 4.0

Mar 2012

2.4 2.8 2.6 3.7 2.3 2.0 4.6 2.5 1.5 4.2

Apr 2012

2.0 1.6 1.9 -0.2 2.1 2.1 4.4 2.7 1.6 3.7

May 2012

1.6 0.5 2.7 -5.7 2.2 2.2 3.5 3.0 1.6 3.7

Jun 2012

1.3 0.1 2.2 -5.8 1.9 1.9 3.7 2.8 1.4 3.7

Jul 2012

1.0 -0.1 3.0 -6.6 1.7 1.6 3.2 2.6 1.1 2.6

Aug 2012

1.2 1.4 3.1 0.5 1.2 1.0 3.1 0.4 1.1 2.6

Sep 2012

1.5 1.7 2.9 2.6 1.4 1.3 2.9 0.9 1.4 2.6

Oct 2012

1.9 2.1 3.8 3.6 1.6 1.8 3.3 2.6 1.3 1.4

Nov 2012

1.7 1.1 3.6 -1.8 1.8 2.0 2.9 3.4 1.2 1.3

Dec 2012

1.9 1.4 4.1 -1.3 2.0 2.2 2.7 3.8 1.4 1.4

Jan 2013

1.6 1.3 4.1 -1.1 1.7 1.8 2.3 2.8 1.3 1.3

Feb 2013

1.6 1.5 3.3 1.1 1.4 1.6 1.6 1.5 1.5 1.3

Mar 2013

1.3 0.7 3.7 -2.9 1.5 1.6 1.3 1.4 1.8 1.1

Apr 2013

0.9 0.1 2.2 -4.4 1.3 1.4 0.0 1.6 1.5 1.1

May 2013

0.9 1.1 3.5 -0.7 0.9 0.9 -0.3 -0.6 1.7 1.2

Jun 2013

1.7 1.9 3.2 3.1 1.3 1.4 0.7 0.7 1.9 1.2

Jul 2013

2.0 1.8 2.2 3.6 1.7 2.0 1.6 2.1 2.0 1.7

Aug 2013

1.7 0.7 0.5 0.0 1.8 2.2 1.4 2.8 2.0 1.7

Sep 2013

1.1 -0.2 -0.3 -3.6 1.6 1.8 0.8 2.2 1.8 2.0

Oct 2013

1.3 -0.2 -0.2 -3.9 1.7 2.0 0.6 2.0 2.1 3.0

Nov 2013

1.1 0.4 -0.9 -1.1 1.4 1.5 0.3 0.8 2.1 3.1

Dec 2013

1.2 0.8 -0.8 0.9 1.2 1.3 2.0 -0.4 2.0 3.2

Jan 2014

1.3 1.1 -0.7 1.1 1.4 1.3 1.0 0.2 2.0 3.2

Feb 2014

1.2 0.6 0.7 -2.0 1.6 1.6 0.7 1.2 1.9 3.3

Mar 2014

1.6 1.2 1.2 1.3 1.6 1.8 1.2 1.5 2.0 3.4

Apr 2014

1.8 2.5 5.1 3.8 1.5 1.6 2.7 0.7 1.8 3.3

May 2014

2.1 2.0 3.6 2.5 2.1 2.2 3.2 3.0 1.7 3.2

Jun 2014

1.8 2.2 3.8 3.1 1.6 1.7 2.9 1.4 1.6 3.3

Jul 2014

1.9 2.0 3.6 2.4 1.9 2.0 2.6 2.3 1.6 3.2

Aug 2014

1.9 1.7 3.8 0.5 1.9 2.0 2.7 2.0 1.8 3.2

Sep 2014

1.6 1.5 3.9 -0.5 1.6 1.6 2.6 1.1 1.6 3.0

Oct 2014

1.5 1.0 4.3 -3.8 1.9 1.9 1.8 2.8 1.4 2.2

Nov 2014

1.3 0.4 4.4 -5.9 1.7 1.8 2.3 2.3 1.3 2.1

Dec 2014

0.9 -1.2 4.4 -13.2 2.0 2.1 0.8 4.0 1.4 2.2

Jan 2015

0.0 -3.6 2.6 -22.3 1.7 2.0 0.6 4.2 1.0 2.0

Feb 2015

-0.5 -4.1 0.6 -22.4 1.0 1.2 0.0 1.9 1.0 2.0

Mar 2015

-0.9 -4.5 -1.6 -22.0 0.8 0.9 -0.9 1.4 0.8 1.9

Apr 2015

-1.1 -5.5 -4.5 -24.0 1.0 1.2 -1.9 1.8 1.2 1.6

May 2015

-0.8 -4.0 -3.0 -19.0 0.7 0.8 -2.0 0.8 1.2 1.7

Jun 2015

-0.5 -3.7 -2.7 -18.2 1.1 1.1 -2.1 1.7 1.3 1.6

Jul 2015

-0.7 -3.8 -3.3 -17.9 0.8 0.8 -2.2 0.8 1.3 1.8

Aug 2015

-1.0 -4.3 -2.6 -19.9 0.6 0.7 -3.4 1.0 1.1 1.8

Sep 2015

-1.1 -5.1 -3.0 -23.6 0.7 0.9 -3.2 2.0 1.0 1.8

Oct 2015

-1.4 -4.8 -4.2 -21.4 0.2 0.3 -2.9 -0.2 0.9 2.2

Nov 2015

-1.3 -4.4 -4.3 -19.2 0.3 0.4 -2.7 0.4 0.7 2.2

Dec 2015

-1.1 -3.8 -5.2 -16.4 0.2 0.2 -3.5 0.0 0.8 2.1

Jan 2016

0.0 -2.4 -3.5 -11.1 0.8 1.2 -2.3 1.1 1.7 1.3

Feb 2016

0.1 -2.8 -2.0 -15.4 1.3 1.6 -2.0 2.3 1.7 1.2

Mar 2016

-0.1 -2.8 -2.5 -15.4 1.1 1.3 -1.9 1.4 1.8 1.1

Apr 2016

0.2 -2.0 -2.1 -12.3 1.1 1.2 -1.9 1.6 1.6 2.1

May 2016

0.0 -2.5 -2.5 -13.9 1.2 1.4 -2.5 1.9 1.5 2.0

Jun 2016

0.2 -2.2 -2.4 -11.6 1.2 1.5 -2.5 2.2 1.6 2.0

Jul 2016

0.0 -2.2 -2.6 -11.4 0.9 1.1 -1.9 0.6 1.7 0.7

Aug 2016

0.0 -1.9 -4.1 -10.0 1.0 1.0 -1.4 0.3 1.7 0.7

Sep 2016

0.6 -0.4 -3.1 -2.9 1.2 1.4 -1.8 0.8 1.9 0.7

Oct 2016

1.1 0.4 -3.2 0.5 1.5 1.6 -0.9 1.3 2.1 0.6

Nov 2016

1.3 0.5 -3.5 0.2 1.7 1.7 -0.4 1.4 2.2 0.7

Dec 2016

1.7 1.9 -1.6 6.3 1.7 1.6 1.1 1.0 2.0 0.5

Jan 2017

1.7 3.1 -2.1 13.7 1.4 1.1 1.0 0.4 1.5 1.3

Feb 2017

2.0 4.0 -1.4 19.2 1.3 1.0 1.7 -0.4 1.6 1.3

Mar 2017

2.2 4.1 0.6 15.3 1.5 1.3 0.6 0.9 1.5 1.5

Apr 2017

2.5 4.1 2.2 14.1 1.9 1.7 1.7 1.1 1.9 1.0

May 2017

2.3 2.9 1.0 7.9 2.0 2.0 2.0 1.7 2.2 1.1

Jun 2017

1.9 2.2 1.1 3.8 1.8 1.7 2.2 0.6 2.2 1.2

Jul 2017

2.0 2.3 1.6 3.9 1.9 1.9 1.3 1.6 2.1 3.3

Aug 2017

2.4 3.1 2.3 8.3 2.2 2.2 1.7 2.8 1.9 3.3

Sep 2017

2.6 3.4 1.6 10.7 2.2 2.1 3.5 2.1 1.9 3.2

Oct 2017

2.8 3.2 2.6 7.9 2.4 2.4 3.5 2.6 2.2 3.0

Nov 2017

3.0 4.2 3.2 12.5 2.3 2.3 3.9 2.1 2.3 2.9

Dec 2017

2.5 3.5 2.0 10.1 2.2 2.1 2.3 1.8 2.3 3.1

Jan 2018

2.6 3.2 1.9 8.7 2.2 2.2 2.3 1.4 2.6 3.6

Feb 2018

2.8 3.0 0.6 9.1 2.5 2.8 3.2 2.6 2.8 3.5

Mar 2018

3.0 3.2 2.0 8.5 2.7 2.9 5.0 2.0 3.1 3.6

Apr 2018

2.6 2.9 -0.3 9.0 2.3 2.4 4.7 1.9 2.4 4.2

May 2018

3.1 4.4 0.5 16.5 2.4 2.4 5.0 1.9 2.3 4.1

Note: Data for the most recent 4 months are preliminary. All indexes are subject to revision 4 months after original publication.

Since 2011, the 12-month change in the Producer Price Index for final demand has ranged from −1.4 percent (in October 2015) to 4.5 percent (July and September 2011).

Prices for final demand goods increased 4.4 percent for the year ended in May 2018, the largest 12-month increase since a 4.7-percent increase in December 2011.

The Producer Price Index for final demand energy increased 16.5 percent over the year, the largest 12-month increase since a 19.2-percent increase in February 2017.

These data are from the Producer Price Indexes program and are not seasonally adjusted. See "Producer Price Indexes — May 2018" to learn more. Producer price indexes measure prices that U.S. producers receive for goods, services, and construction. All producer prices are subject to revision once, 4 months after original publication. Also see Charts related to the latest "U.S. Producer Price Indexes" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index for final demand up 3.1 percent for the year ended May 2018 at https://www.bls.gov/opub/ted/2018/producer-price-index-for-final-demand-up-3-point-1-percent-for-the-year-ended-may-2018.htm (visited March 29, 2024).

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