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Friday, June 18, 2021 2:56:17 PM EDT




PPI
Briefing.com Updated 15-Jun-21 09:23AM ET

The Producer Price Index for final demand increased 0.8% m/m in May (Briefing.com consensus 0.5%) after increasing 0.6% in April. The Producer Price Index for final demand, less food and energy rose 0.7% m/m (Briefing.com consensus 0.5%) for the second consecutive month.

On a year-over-year basis, the Producer Price Index for final demand was up 6.6% in May versus 6.2% in April while the Producer Price Index for final demand, less food and energy was up 5.3% in May versus 4.6% in April.

Almost 60% of the May increase in headline PPI was owed to a 1.5% increase in prices for final demand goods while the index for final demand services increased 0.6%.

Prices for final demand less food and energy increased 0.7% for the second consecutive month.

The index for processed goods for intermediate demand increased 2.8% m/m with prices for processed materials less food and energy increasing 2.3%.

The index for unprocessed goods for intermediate demand rose 8.4% m/m. Nearly half of the increase was due to a 9.6% increase in prices for unprocessed energy materials.

The key takeaway from the report is that it showed a continuation of broad-based price pressures at the producer level, which will fuel continued concerns about overall inflation.

 
MAYAPRMARFEBJAN
Final Demand0.8%0.6%1.0%0.5%1.3%
Core (excluding ...)
Food and Energy0.7%0.7%0.7%0.2%1.2%
Food, Energy, and Trade0.7%0.7%0.6%0.2%1.2%
Final Demand Goods
Total1.5%0.6%1.7%1.4%1.4%
Energy2.2%-2.4%5.9%6.0%5.1%
Finished Goods1.1%0.3%1.3%1.5%1.1%
Final Demand Services
Total0.6%0.6%0.7%0.1%1.3%
Trade0.7%0.5%1.0%0.1%1.0%
Intermediate Demand
Processed2.8%1.6%4.0%2.7%1.7%
Unprocessed8.4%-3.8%9.3%4.3%3.8%
Services0.8%0.8%0.4%0.7%1.3%