Producer Prices Rose 0.2% in October
Washington, DC, November 15, 2022-The Producer Price Index for final demand increased 0.2% in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices rose 0.2% in September and were unchanged in August.
On an unadjusted basis, the index for final demand advanced 8.0% for the 12 months ended in October.
In October, the rise in the index for final demand can be attributed to a 0.6% advance in prices for final demand goods. In contrast, the index for final demand services decreased 0.1%.
Prices for final demand less foods, energy, and trade services advanced 0.2% in October following a 0.3% rise in September. For the 12 months ended in October, the index for final demand less foods, energy, and trade services increased 5.4%.