May 2021 US Producer Prices Drop 0.3%, but Remain Steady Excluding Food and Energy

(CercleFinance.com) – According to the Labor Department, producer prices in the United States fell by 0.3% in raw data in May compared to the previous month, but they remained stable excluding food, energy and commercial services.

Over the last twelve months, the increase in producer prices stood at 1.1% in gross data in May and 2.8% excluding food, energy and commercial services, after annual rates of 2.3% and 3.3% observed in April.