The Producer Price Index for final demand increased 0.4 percent in May, seasonally adjusted, according to the U.S. Bureau of Labor Statistics.
In May, over 60 percent of the advance in the final demand index can be traced to prices for final demand goods, which climbed 0.7 percent. The index for final demand services moved up 0.2 percent.
Prices for final demand less foods, energy, and trade services edged down 0.1 percent in May after rising 0.3 percent in April. For the 12 months ended in May, the index for final demand less foods, energy and trade services increased 0.8 percent.
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