U.S. Producer Price Index for May

Prices of goods and services in the U.S. rose by less than expected in May, indicating that President Trump's tariffs are not significantly impacting inflation. The producer price index for final demand increased by 0.1%, half of what economists had predicted. Core producer prices rose by 0.1% as well. The index measures prices paid to domestic producers of goods and services, not just wholesale prices.

Price Trends and Economic Indicators

Donald Trump promised to bring prices down if he won the presidency, and recent data shows a decline in core producer prices. The Producer Price Index (PPI) measures the prices businesses receive for goods and services. Inflation remains elevated year-over-year, with a surge at the end of Joe Biden's presidency. Analysts are also tracking a 'super-core' PPI that excludes food, energy, and trade services.

Inflation Acceleration in the U.S.

The producer price index for final demand in the U.S. rose by 2.2% in April, exceeding expectations. Core producer prices excluding food and energy jumped by 0.5% in April. The 'core core' measure, excluding trade services prices, increased by 0.4% in April.

U.S. Producer Price Index (PPI) for Final Demand

U.S. producer prices rose by 2.1% over 12 months through March, with a monthly increase of 0.2%. Core PPI, excluding food and energy prices, rose 0.2% annually. 'Core core' PPI, which excludes trade services, food, and energy prices, rose 0.2% monthly and 2.8% annually. Services prices rose 0.3% monthly and 2.8% annually, while goods prices declined by 0.1% in March. The index measures prices from the seller's perspective and excludes taxes and subsidies.

U.S. Inflation Acceleration in February 2024

The producer price index in the U.S. rose by 0.6% in February, indicating an acceleration in inflation. This increase was higher than expected and could impact Federal Reserve's interest rate decisions.