The U.S. Bureau of Labor Statistics reported today (2-17-21) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 1.3% in January. January’s increase is the largest since the PPI began in December 2009. Final demand prices rose 0.3% in December and 0.1% in November. On an unadjusted basis the PPI for final demand moved up 1.7% for the 12 months ending January 2021, the largest increase since climbing 2.0% for the 12 months ending January 2020. Two-thirds of the January advance in prices for final demand can be traced to a 1.3% rise in the index for final demand services. Prices for final demand goods increased 1.4%. Prices for final demand less foods, energy, and trade services moved up 1.2% in January, the largest advance since the index began in September 2013. For the 12 months ended in January, prices for final demand less foods, energy, and trade services rose 2.0% the largest increase since a 2.1% advance for the 12 months ended June 2019.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Producer Price Index News Release