The U.S. Bureau of Labor Statistics reported today that the producer price index (PPI) climbed 10.8 percent (unadjusted) for the twelve months that ended in May. On a monthly basis, the PPI for final demand increased by 0.8 percent in May (seasonally adjusted). The PPI measures the average change over time in the selling prices received by domestic producers for their output.

Last Updated on June 14, 2022 by Ramin Seddiq