Producer Price Index for Final Demand Increases 0.6% in October

The Bureau of Labor Statistics (BLS) reported today (11-9-21) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.6% in October. Final demand prices rose 0.5% in September, 0.7% in August, 1.0% in July and the same as in June, 0.8% in May, 0.6% in April, 1.0% in March and 0.5% in February. On an unadjusted basis, the final demand index moved up 8.6% for the 12 months ended in October.

Over 60% of the October increase in the index for final demand can be traced to a 1.2% rise in prices for final demand goods. The index for final demand services moved up 0.2%, and prices for final demand construction advanced 6.6%. Prices for final demand less foods, energy, and trade services moved up 0.4% in October, after increasing 0.1% in September and 0.3% in August. For the 12 months ended in October, the index for final demand less foods, energy, and trade services rose 6.2%.