The Bureau of Labor Statistics (BLS) reported today (12-14-21) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.8% in November. Final demand prices moved 0.6% higher in each of the 3 prior months. On an unadjusted basis, the final demand index rose 9.6% for the 12 months ended in November — the largest advance since 12-month data were first calculated in November 2010.
In November, the index for final demand services rose 0.7% and prices for final demand goods increased 1.2%. The index for final demand less foods, energy, and trade services moved up 0.7% in November, the largest rise since climbing 0.8% in July.
For the 12 months ending in November, prices for final demand less foods, energy, and trade services increased 6.9% — the largest advance since 12-month data were first calculated in August 2014.
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