Flat glass prices sat stagnant from April to May following a 1.7 percent increase a month prior, according to the latest Producer Price Index (PPI) Report from the U.S. Department of Labor.
The flat glass index didn’t move even a tenth of a percentage point up or down from its 120.8 rating in April.
According to the Bureau of Labor Statistics, the PPI is “a constant quality fixed-input output price index” that “measures monthly price change in the economy by following the prices of a representative sample of items each month.”
Flat glass prices saw a modest rise through the first quarter of the year, creeping up 0.2 percent from January to February and 0.4 percent from February to March before the near-2 percent spike last month. The flat glass index started the year at 119.0.
The unadjusted percent change from May 2013 to May 2014 was 2.3 percent. Last month, the year-to-year increase stood at 3.7.
The PPI report came shortly after the U.S. Bureau of Labor Statistics showed import prices for glass and glassware edging down for the third straight month and export prices for glass and glassware edging up for the fourth straight month.
The glass and glassware category includes float glass, safety glass, lab glass and a range of other glass products, according to information from the International Price Program office in Washington, D.C.
According to the PPI report, prices for materials for construction were back on the up in May after a slight dip in April, seeing a 0.2 percent increase following April’s 0.1 percent decrease. Prices had increased a combined 0.7 percent the two months prior.
The overall PPI for final demand fell 0.2 percent in May, seasonally adjusted. The decline followed increases of 0.6 percent in April and 0.5 percent in March.
On an unadjusted basis, the index for final demand advanced 2.0 percent for the 12 months ended in May.
Final demand for construction increased 0.1 percent in May after a 0.4 spike in April. With an index of 110.3, the PPI for final demand for construction is up 3.2 percent from a year ago.