US Producer Price Index for Final Demand Rises 0.4% in November

On Thursday, the Bureau of Labor Statistics (BLS) reported that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.4% in November. Previously, final demand prices increased 0.3% in October, 0.2% in September, and 0.2% in August.

On an unadjusted basis, the index for final demand advanced 3.0% for the 12 months ending in November, the largest rise since moving up 4.7% for the 12-month period ending in February 2023.

In November, nearly 60% of the broad-based rise in final demand prices can be attributed to a 0.7% increase in the index for final demand goods. Prices for final demand services moved up 0.2%.

Excluding foods, energy, and trade services, the index for final demand edged up by 0.1% in November, following a 0.3% increase in October. Over the past 12 months, prices in this category advanced 3.5%.