2023-06-15 18:30:24
He íproducer price index (PPI) The United States contracted 0.3% in May, compared to the 0.2% increase the previous month, according to the Bureau of Labor Statistics of the United States Department of Labor.
The government agency has explained that this setback is explained by the lower demand for goods, which decreased by 1.6% per month. Thus, the 0.2% rise in the demand for services has not been enough to offset it.
The core production inflation index, which excludes the impact of energy and food due to the greater volatility of their prices, stagnated after registering a rise of 0.1% in April.
In year-on-year data, the figure was 1.1% higher than in May of the previous year, while the underlying variable did the same at 2.8%.
This Tuesday, the same statistical division of the Labor Department reported that the US consumer price index (CPI) reached 4% year-on-year in May, which translated into a moderation of nine tenths compared to April and its least progress since March 2021.
However, the underlying index, which excludes food and energy prices from its calculation due to their greater volatility, closed the fifth month of 2023 with an increase of 5.3%, two tenths less than the previous month. For their part, food became more expensive by 6.7% year-on-year, while energy was 11.7% cheaper in May than twelve months ago.
In monthly rates, the general variable of the index experienced an advance of 0.1%, which implied a contention of three tenths, while the underlying variable was at 0.4%, without changes from the previous record.
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