The Bureau of Labor Statistics (BLS) reported today (10-12-22) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.4% in September. The September increase follows a 0.1% decline in August and a 0.4% decline in July, but it was proceeded by advances of 1.0% in June, 0.8% in May, and 0.4% in April.
On an unadjusted basis, final demand prices advanced 8.5% for the 12 months ending in September—down 0.2% from the August reading of 8.7%.
The increase in the index for final demand is traced to a 0.4% increase in prices for both final demand services and in final demand goods.
Prices for final demand less foods, energy, and trade services rose 0.4% in September, following increases of 0.2% in August, 0.1% in July, and 0.3% in June. For the 12 months ending in September, the index for final demand less foods, energy, and trade services increased 5.6%.
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