Producer Prices Rose 0.2% in December

Washington, DC, January 14, 2024-The Producer Price Index for final demand advanced 0.2% in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. 

Final demand prices rose 0.4% in November and 0.2% in October. 

On an unadjusted basis, the index for final demand increased 3.3% in 2024 after moving up 1.1% in 2023.

The December rise in prices for final demand can be traced to a 0.6% advance in the index for final demand goods. Prices for final demand services were unchanged. 

The index for final demand less foods, energy, and trade services edged up 0.1% in December, the same as in November. Prices for final demand less foods, energy, and trade services rose 3.3% in 2024 after advancing 2.7% in 2023.