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Tuesday, May 18, 2010

PPI Drops Slightly in April

Automated Trader details:

Producer prices ticked down 0.1% in April, under forecasts of a 0.1% rise and following a 0.7% increase in March. Falling prices for finished energy goods and food products sparked the headline turndown, with liquified petroleum gas off 5.8%, natural gas down 1.3%, and gasoline down 2.7%.

Meanwhile, Intermediate goods prices rose 0.8% and crude goods fell 1.2%, pulled down by a 19% drop in natural gas. Headline PPI was 5.5% higher compared to April 2009. Core prices showed a 1% increase from the same month last year.

Year over Year

Month over Month

Source: BLS