Overall Producer Price Increase Is Less Than Expected

June 13, 2006
In May, price increases at the producer level posted their smallest increase in three months, surprising economists and other analysts who had anticipated a significantly higher figure. Seasonally adjusted, the Producer Price Index (PPI) for finished ...

In May, price increases at the producer level posted their smallest increase in three months, surprising economists and other analysts who had anticipated a significantly higher figure.

Seasonally adjusted, the Producer Price Index (PPI) for finished goods rose just two-tenths of a percentage point, the U.S. Labor Department reported on June 13. Economists generally expected May's increase to be four-tenths of a percent.

"Most of the deceleration in the finished goods index can be traced to prices for energy goods, which slowed to a 0.4% increase in May after advancing 4% in April," the department said.

However, following two months of one-tenth-percent increases, the core PPI, which does not count price changes for food and fuel, rose three-tenths of a percentage point in May, more than the two-tenths that had been anticipated.

Popular Sponsored Recommendations

Discover How an Eye Tracking Study Improves Training Procedures

Oct. 29, 2023
Did you know that your training processes can be streamlined by visualizing and analyzing key skills within your employee base? Find out how we use eye tracking to capture advanced...

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!