The U.S. Producer Price Index for finished goods rose in May for the first time
in three months, the Bureau of Labor Statistics reported Friday.
Prices climbed 0.5 percent, due largely to rising prices for gasoline, after dropping 0.6 percent in March and 0.7 percent in April.
For finished energy items prices were up 1.3 percent in May after dropping 3.4 percent and 2.5 percent in March and April, respectively.
For finished food items, prices rose 0.6 percent after dropping 0.8 percent in the previous month.
Economists had expected the producer price index for all items would climb 0.1 percent.
Core prices, which exclude food and energy, were higher, up 0.1 percent. For the past 12 months, core prices have gained in 10 months and broken even in two. In July 2012, core prices rose 0.5 percent. In no other month of the past year has the change exceeded 0.2 percent.
The average monthly gain in core prices over the year has been under 1.5 percent.
Prices producers received for intermediate goods dropped 0.2 percent from May 2012.
For crude goods, prices rose 7.6 from May 2012 on an unadjusted basis.
Most Popular Stories
- Rackspace Ends Talks About Possible Acquisition
- Mercedes Rolls Out S550 Plug-in Hybrid
- Plus-Size iPhones Live Up to The Hype
- FedEx Adding 50,000 Holiday Jobs
- Missouri GM Plant Adding 750 jobs
- Cool Features on Today's New iOS 8
- Toxic Algae Threatens Florida Fishing, Tourism
- Family Dollar Spurning Bid From Dollar General
- Kohl's Hiring 67,000 for the Holidays
- Poverty Rate Drops for First Time Since 2006