Producer Price Index for Final Demand Increases 1.0% in January 2022

The Bureau of Labor Statistics (BLS) reported today (2-15-22) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 1.0% in January 2022. The January rise follows a revised 0.4% increase in December, a 0.9% increase in November, and 0.6% increases in October, September, and August.

On an unadjusted basis, the final demand index rose 9.7% for the 12-month period ending in January 2022.

In January, the index for final demand services increased 0.7%, while prices for final demand goods rose 1.3%.

Prices for final demand less foods, energy, and trade services rose 0.9% in January 2022—the largest increase since rising 1.0% in January 2021. For the 12-month period ending January 2022, the index for final demand less food, energy, and trade services moved 6.9% higher.