The Bureau of Labor Statistics (BLS) released the Producer Price Indexes (PPI) for April. Inflation in prices received by producers (prior to sales to consumers) rose 0.6% in April from March. This increase was dominated by increases in food goods and trade services. Excluding the more volatile, and weather affected categories of food, trade and energy, prices increased a more modest 0.3% in both March and April.
Among building materials, softwood lumber prices are down 4.0% in April from March, and 8.2% from a peak one year ago. OSB prices continued to tread water so far in 2014, declining 0.6% in April, after a sharp 2013 reversal of the steep run-up in prices in 2012. OSB prices remain 23.8% above their average level in 2011. Gypsum prices declined 3.7% in April, the second monthly decline, but remain 41.9% above their average 2011 level.