US Producer price inflation for May rose +10.8% y/y vs +10.9% expected lower than the prior was +11.0% y/y continues elevated at a rapid pace, a long way from the Central Bank transitory mantra. PPI month on month for May was 0.8% (consensus 0.8%), compared to a downwardly revised 0.4% (from 0.5%) for the prior month. Core PPI, which exclude food and energy, was 0.5% for May (consensus 0.6%) compared to a downwardly revised 0.2% for the prior month’s reading (from 0.4%).
May 2022 PPI
The Producer Price Index for final demand increased 0.8 percent in January, seasonally adjusted, the
U.S. Bureau of Labor Statistics reported today. Prices for final demand less foods, energy, and trade services increased 0.5 percent in May 2022.
Highlights.
- US May PPI +10.8% y/y vs +10.9% expected Prior was +11.0% y/y
- PPI +0.8% m/m vs +0.8% expected
- Ex food and energy +8.3% y/y vs +8.6% expected
- Ex food and energy+0.5% vs +0.6% expected
- Ex food, energy and trade +6.8% y/y vs +6.9% prior
US PPI May 2022
United States Producer Prices Final Demand Less Foods and Energy
Source BLS
From the Traders Community News Desk