PPI: Flat Glass Prices Increase Nearly 8 Percent Year-Over-Year

Flat glass prices continued to increase in May, according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics.

Prices jumped 0.5 percent for the month following a 0.6-percent increase in April. Material prices are up 7.7 percent from May 2015.

According to the Bureau, the PPI program measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services.

May’s flat glass index represented its third month-over-month increase in 2016. The current index sits at 131.6.

Final demand for construction was up 0.1 percent in May and has jumped a full 1 percent over the past three months. Its index is 1.9 percent higher than a year ago.

Construction materials prices stayed flat for the month after consecutive 0.3-percent increases. Those prices are up just 0.3 percent from May 2015.

Prices for construction machinery and equipment ticked up 0.3 percent in May and have increased 1.1 percent from a year ago.

In another report, import prices for glass and glassware increased 0.4 percent and are up 0.5 percent from last year. Export prices in that category saw a slight 0.1-percent uptick after staying flat for three straight months. They have increased 0.5 percent since May 2015.

Overall, the PPI for final demand in the U.S. rose 0.4 percent in May. Final demand prices rose 0.2 percent in April. On an unadjusted basis, the final demand index inched down 0.1 percent for the 12 months ended in May.

The price index for U.S. imports spiked 1.4 percent in May following a 0.7-percent increase in April. U.S. export prices increased 1.1 percent in May, after a 0.5-percent advance the previous month.