© Copyright 2007 by the Wyoming Department of Employment, Research & Planning

WYOMING LABOR FORCE TRENDS

Vol. 44 No. 5

U.S. Producer Price Index for Energy Materials Rises

excerpt from U.S. Bureau of Labor Statistics website: ftp://ftp.bls.gov/pub/news.release/ppi.txt

Prices for crude energy materials jumped 4.3% in May after dropping 4.9% in the prior month. This upturn is attributable to the natural gas index, which climbed 6.6% following a 13.0% decrease in April. By contrast, crude petroleum prices moved up 1.9% in May compared with a 7.9% rise a month earlier. For the second consecutive month, the coal index inched up at a 0.2% rate.

Changes in U.S. Producer Price Index for Selected Industries, 1987 to 2007

The Producer Price Index measures the average price of an industry’s output sold to another industry. Indices reflect changes in prices relative to a reference point equal to 100.0, 1982 for most commodities.

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