Producer Prices Inched Up in December
Washington, DC, January 15, 2020-The Producer Price Index for final demand edged up 0.1% in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices were unchanged in November and rose 0.4% in October. On an unadjusted basis, the final demand index moved up 1.3% in 2019, after a 2.6% advance in 2018.
The December increase in the final demand index was the result of a 0.3% rise in prices for final demand goods. The index for final demand services was unchanged.
Prices for final demand less foods, energy, and trade services inched up 0.1% in December following no change in November. In 2019, the index for final demand less foods, energy, and trade services climbed 1.5% after advancing 2.8% in 2018.