PPI for final demand falls 0.5% in February; services drop 0.5% and goods decline 0.4%
Source: U.S. Dept. of Labor Bureau of Labor Statistics
Producer Price Index News Release text
USDL-15-0388
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PRODUCER PRICE INDEXES - FEBRUARY 2015
The Producer Price Index for final demand fell 0.5 percent in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved down 0.8 percent in January and 0.2 percent in December. On an unadjusted basis, the index for final demand decreased 0.6 percent for the 12 months ended in February. (See table A.)
In February, about 70 percent of the decline in final demand prices can be attributed to a 0.5-percent decrease in the index for final demand services. Prices for final demand goods moved down 0.4 percent.
Within intermediate demand, the index for processed goods fell 0.6 percent, the index for unprocessed goods dropped 3.9 percent, and prices for services edged up 0.1 percent. (See tables B and C.)
Final Demand
Final demand services: Prices for final demand services fell 0.5 percent in February, the largest decline since the inception of the index in December 2009. Leading the decrease, margins for final demand trade services dropped 1.5 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) The index for final demand transportation and warehousing services also moved down 1.5 percent. In contrast, prices for final demand services less trade, transportation, and warehousing rose 0.3 percent.
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