May EPI Increases +2.4% Year-Over-Year

Although the monthly increase in May over April was a meager +0.1%, EM’s editors found it interesting that so many individual product categories were showing increases of at least one percent over May 2018. Year-over-year, the total EPI  is up +2.4% over May 2018. Of the 28 product categories, only conduit fittings had a year-over-year (YOY) increase of less than 1% (0.4%). Monthly pricing increases were pretty quiet in May.

Note: All EPI series represent Global Insight aggregates of Bureau of Labor Statistics’ (BLS) producer price indices (PPIs). The revised data partly reflect redefinitions of specific PPIs by the BLS, but mostly reflect the rebenchmarking of all EPI price series to a 1997 base year. The four following EPI series have been affected by BLS redefinitions: boxes, conduit (fittings), non­metallic conduit, and generators. Sources: U.S. Bureau of  Labor  Statistics; Global Insight