The Bureau of Labor Statistics (BLS) reported today (1-18-22) that the Producer Price Index (PPI) for final demand, seasonally adjusted, declined 0.5% in December, following a 0.2% increase in November and a 0.4% increase in October. On an unadjusted basis, the index for final demand advanced 6.2% in 2022, after rising 10.0% in 2021.
In December, the decrease in the final demand can be attributed to a 1.6% decline in prices for final demand goods. In contrast, the index for final demand services increased 0.1%.
Prices for final demand less foods, energy, and trade services inched 0.1% higher in December, after increasing 0.3% in November and 0.2% in October. The index for final demand less foods, energy, and trade services increased 4.6% in all of 2022, following a 7.0% increase in 2021.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.