Producer Prices Rose 0.3% in November
Washington, DC, December 9, 2022-The Producer Price Index for final demand advanced 0.3% in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices also rose 0.3% in both October and September. On an unadjusted basis, the index for final demand moved up 7.4% for the 12 months ended in November.
In November, most of the increase in the index for final demand is attributable to a 0.4% advance in prices for final demand services. The index for final demand goods inched up 0.1%.
Prices for final demand less foods, energy, and trade services moved up 0.3% in November after rising 0.2% in October. For the 12 months ended in November, the index for final demand less foods, energy, and trade services increased 4.9%.