PPI MAY 2024 release April 2024 Data

The BLS has released the April, 2024 Producer Price Index Report.  (historical releases)

The Producer Price Index for final demand rose 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.1 percent in March and advanced 0.6 percent in February. (See table A.) On an unadjusted basis, the index for final demand moved up 2.2 percent for the 12 months ended in April, the largest increase since rising 2.3 percent for the 12 months ended April 2023.

Nearly three-quarters of the April advance in final demand prices is attributable to a 0.6-percent increase in the index for final demand services. Prices for final demand goods moved up 0.4 percent.

The index for final demand less foods, energy, and trade services moved up 0.4 percent in April after rising 0.2 percent in March. For the 12 months ended in April, prices for final demand less foods, energy, and trade services increased 3.1 percent, the largest advance since climbing 3.4 percent for the 12 months ended April 2023.

PPI Final Demand...

The 2.2% rise on year to year, increased from last month and is the new highest since April, 2023. The rise was tempered by a drop in energy prices, and best of all... food. The latter showing the first decrease in 3 months, after sharp increases. We will wait and see how that is reflected in grocery store prices.

Despite the slight rise year over year, the troubling part is month over month, which reversed last month's pullback. +0.5% v -0.1%.

The where can be found in the detailed report. If the month to month was +0.5%, look for the areas more than that figure, to determine the inflationary pressures.