June 16, 2011 (The Editor’s Desk is updated each business day.)
Producer prices in May 2011
On an unadjusted basis, prices for finished goods moved up 7.3 percent for the 12 months ended May 2011, the largest year-over-year gain since an 8.8-percent advance in September 2008.
[Chart data]
The Producer Price Index for finished goods rose 0.2 percent in May, seasonally adjusted. This advance followed increases of 0.8 percent in April and 0.7 percent in March.
The May advance in the finished goods index can be traced primarily to prices for finished energy goods, which rose 1.5 percent. The index for finished goods less foods and energy moved up 0.2 percent. By contrast, prices for finished consumer foods fell 1.4 percent in May.
These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes – May 2011" (HTML) (PDF), news release USDL-11-0889. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.
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