Producer Price Index flat in May, up 2.4 percent year-on-year

The Producer Price Index for final demand was unchanged in May but increased 2.4 percent for the 12 months ended in May. Prices for final demand less foods, energy, and trade services fell 0.1 percent in May, the first decline since a similar 0.1-percent decrease in May 2016, but was up 2.1 percent over the previous 12 months.

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