Updated: 13-May-26 09:23 ET
Highlights
- The producer price index for final demand surged 1.4% month-over-month in April (Briefing.com consensus: 0.4%) following an upwardly revised 0.7% increase (from 0.5%) in March. That was the largest advance since March 2022, and nearly 60% of the increase was attributed to a 1.2% advance in the index for final demand services.
- Excluding food and energy, the index for final demand jumped 1.0% (Briefing.com consensus: 0.3%) on the heels of an upwardly revised 0.2% increase (from 0.1%) in March.
- The producer price index for final demand was up 6.0% year-over-year versus 4.3% in March.
- The index for final demand, excluding food and energy, was up 5.2% versus 4.0% in March.
- The index for final demand goods increased 2.0% following a 1.9% increase in March.
- The index for final demand services was up 1.2%, its largest advance since March 2022.
- The index for processed goods for intermediate demand jumped 2.7%, marking the sixth straight advance. Nearly a quarter of the increase was attributable to prices for diesel fuel.
- The index for unprocessed goods for intermediate demand rose 4.1%, also the sixth straight increase, with more than 80% of the advance due to the 9.2% increase in the index for unprocessed energy materials.
- The key takeaway from the report is that the surge in producer prices in April wasn't just energy-related. That surge accounted for the bulk of the 2.0% increase in the index for final demand goods, but two-thirds of the "broad-based advance" in the index for final demand services was attributed to a 2.7% increase in margins for final demand trade services.
| Category | APR | MAR | FEB | JAN | DEC |
| Final Demand | 1.4% | 0.7% | 0.6% | 0.6% | 0.4% |
| Core (excluding ...) | |||||
| Food and Energy | 1.0% | 0.2% | 0.4% | 0.8% | 0.5% |
| Food, Energy, and Trade | 0.6% | 0.2% | 0.5% | 0.5% | 0.1% |
| Final Demand Goods | |||||
| Total | 2.0% | 1.9% | 1.0% | -0.1% | -0.1% |
| Energy | 7.8% | 10.1% | 2.2% | -1.8% | -1.5% |
| Finished Goods | 1.7% | 1.6% | 0.9% | -0.6% | -0.1% |
| Final Demand Services | |||||
| Total | 1.2% | 0.2% | 0.4% | 0.8% | 0.6% |
| Trade | 2.7% | 0.3% | -0.1% | 2.0% | 1.8% |
| Intermediate Demand | |||||
| Processed | 2.7% | 2.8% | 1.5% | 0.1% | 0.1% |
| Unprocessed | 4.1% | 1.8% | 7.2% | 3.8% | 2.1% |
| Services | 1.1% | -0.1% | 0.4% | 0.7% | 0.6% |
