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Producer Price Index increased 0.4% in November, ex Fd & Engy up 0.2%
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The Producer Price Index for final demand increased 0.4 percent in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in October and advanced 0.3 percent in September. On an unadjusted basis, the final demand index climbed 1.3 percent for the 12 months ended November 2016, the largest rise since moving up 1.3 percent for the 12 months ended November 2014.
In November 2016, over 80 percent of the advance in the final demand index is attributable to a 0.5-percent rise in prices for final demand services. The index for final demand goods increased 0.2 percent.
Prices for final demand less foods, energy, and trade services moved up 0.2 percent in November after edging down 0.1 percent in October. For the 12 months ended in November, the index for final demand less foods, energy, and trade services climbed 1.8 percent, the largest rise since advancing 1.8 percent for the 12 months ended August 2014.
Posted: December 14, 2016 Wednesday 08:30 AM