Producer Price Index for Final Demand Up 0.3% in November—7.4% Year-Over-Year

The Bureau of Labor Statistics (BLS) reported Friday (12-9-22) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.3% in November. The November increase follows a 0.3% increase in both October and September. On an unadjusted basis, the index for final demand advanced 7.4% for the 12 months ending in November.

In November, the increase in the index for final demand can be traced to a 0.4% increase in prices for final demand services, while the index for final demand goods inched up 0.1%.

Prices for final demand less foods, energy, and trade services rose 0.3% in November, following increases of 0.2% and 0.3% in October and September, respectively. For the 12 months ending in November, the index for final demand less foods, energy, and trade services increased 4.9%.