Producer Prices Increased by 0.4% in September
Washington, DC, October 12, 2022-The Producer Price Index for final demand increased 0.4% in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices declined 0.2% in August and 0.4% in July.
On an unadjusted basis, the index for final demand advanced 8.5% for the 12 months ended in September.
In September, two-thirds of the increase in the index for final demand can be traced to a 0.4% rise in prices for final demand services. The index for final demand goods also advanced 0.4%.
Prices for final demand less foods, energy, and trade services advanced 0.4% in September, the largest rise since increasing 0.5% in May. For the 12 months ended in September, the index for final demand less foods, energy, and trade services moved up 5.6%.