Producer Price Index (PPI) Rates – May 2024
The Producer Price Index (PPI) is a measure of the average change in the prices received by domestic producers for their output. It is a key indicator of inflation and cost pressures in the economy. The PPI for May 2024 fell by an unexpected 0.2% month-over-month (MoM), compared to an increase of 0.5% that was expected by economists. This was the first decline in the PPI since December 2023, and it was mainly driven by lower prices for energy and food products.
Below is a breakdown of pricing we follow and our Facility Index, prices for industrial facilities were largely flat Month over Month.
CONNECT WITH CANUSA EPC
The CANUSA Facility Index is a valuable tool for our clients and partners, as it helps them monitor the market conditions and plan their projects accordingly. We update the index every month, based on the latest PPI data and our own analysis. If you want to learn more about the CANUSA Facility Index, or how we can help you with your industrial facility needs, please contact us at info@canusaepc.com.
