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Producer Price Inflation May 2018

Output price inflation rose to 2.9% in MAy 2018, from 2.5% in April. Input price inflation rose from 5.6% in April to 9.2%.

Output price inflation in May 2018 increased from 2.5% in April to 2.9%. Input price inflation also rose, to 9.2% from 5.6% in April. Input price inflation is usually more volatile, due to the large impact of global commodity prices and exchange rates. The recent rise of global oil prices provided the largest upward contribution to both input and output prices. Chemicals and pharmaceuticals contributed the second largest rise to input prices.