HOUSTON, May 9 (Xinhua) -- The Producer Price Index (PPI) for final demand rose by 0.2 percent in April, seasonally adjusted, the U.S. Department of Labor said Thursday.

Final demand prices advanced by 0.6 percent in March and by 0.1 percent in February. On an unadjusted basis, the final demand index increased by 2.2 percent for the 12 months ending in April.

Leading the April rise in the index for final demand, prices for final demand goods climbed 0.3 percent, the third consecutive increase. The April advance can be traced to prices for final demand energy, which rose 1.8 percent. In contrast, the index for final demand foods fell 0.2 percent.

Prices for final demand services inched up 0.1 percent in April following a 0.3-percent advance in March. Leading the increase in April, the index for final demand services less trade, transportation, and warehousing rose 0.3 percent.

Most of the April advance in the index for final demand services can be traced to prices for portfolio management, which jumped 5.3 percent.

The index for final demand less foods, energy, and trade services moved up 0.4 percent in April, the largest increase since rising by 0.5 percent in January 2018. For the 12 months ending in April, prices for final demand less foods, energy, and trade services advanced by 2.2 percent. Enditem

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