Producer Prices Increased by 0.4% in November

Washington, DC, December 14, 2016—The Producer Price Index for final demand increased 0.4% in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.

Final demand prices were unchanged in October and advanced 0.3% in September.

On an unadjusted basis, the final demand index climbed 1.3% for the 12 months ended November 2016, the largest rise since moving up 1.3% for the 12 months ended November 2014.

In November 2016, over 80% of the advance in the final demand index is attributable to a 0.5% rise in prices for final demand services.

The index for final demand goods increased 0.2%.

Prices for final demand less foods, energy, and trade services moved up 0.2% in November after edging down 0.1% in October.

For the 12 months ended in November, the index for final demand less foods, energy, and trade services climbed 1.8%, the largest rise since advancing 1.8% for the 12 months ended August 2014.