May 13, 2020
The final demand for the Producer Price Index decreased 1.3% in April 2020, seasonally adjusted according to the U.S. Bureau of Labor Statistics. Final demand prices fell 0.2% in March and increased 0.6% in February. On an unadjusted basis, “the final demand index moved down 1.2% for the 12 months ended in April,” BLS indicated.
Prices for final demand less foods, energy, and trade services fell 0.9% in the month of April. Notably, the index over the past twelve months ended April depicted a downward movement by 0.3%.
Final demand services experienced a 0.2% decrease in prices in April. This performance was mainly attributable to a decrease of 0.9% in prices for final demand services less trade, transportation, and warehousing. Moreover, the index for final demand transportation and warehousing services decreased 3.5%, whereas margins for final demand trade services rose 1.6%.
A decline of 3.3% was observed in prices for final demand goods in April. This performance stemmed from a decrease of 19.0% in prices for final demand energy. The index for final demand goods less food and energy decreased 0.4%, while prices for final demand foods declined 0.5%.
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