The Producer Price Index for Final Demand decreased 0.3% in May 2023, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices rose by 0.2% in April and fell 0.4% in March. The index for the final demand increased by 1.1% for the 12 months ended in May on an unadjusted basis. In May, 60% of the decline in final demand is attributable to the 13.8% gasoline price decrease. Prices for final demand less foods and energy increased by 0.1% in May.