Producer Price Index for Final Demand Increased 0.8% February 2022

The Bureau of Labor Statistics (BLS) reported today (3-15-22) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.8% in February. This rise followed advances of 1.2% in January and 0.4% in December 2021. On an unadjusted basis, final demand prices moved up 10.0% for the 12 months ended in February.

In February, the advance in the index for final demand can be attributed to prices for final demand goods, which rose 2.4%. The index for final demand services was unchanged.

Prices for final demand less foods, energy, and trade services rose 0.2% percent in February following a 0.8% increase in January. For the 12 months ending in February, the index for final demand less foods, energy, and trade services moved up 6.6%.