Producer Price Index Increases in November

The U.S. Bureau of Labor Statistics (BLS) is reporting today (12/11) that the Producer Price Index (PPI) for final demand advanced 0.1% in November, seasonally adjusted. Final demand prices rose 0.3% in October and 0.4% in September. On an unadjusted basis, the final demand index increased 0.8% for the 12 months ended in November, the largest advance since moving up 1.1% for the 12 months ended in February. The November rise in the final demand index can be traced to a 0.4% increase in prices for final demand goods. The index for final demand services was unchanged. The index for final demand less foods, energy, and trade services advanced 0.1% in November, the seventh consecutive increase. For the 12 months ended in November, prices for final demand less foods, energy, and trade services moved up 0.9%, the largest rise since a 1.0% increase for the 12 months ended in March.