Producer Prices Rose 0.4% in November

Washington, DC, December 12, 2024-The Producer Price Index for final demand rose 0.4% in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. 

Final demand prices increased 0.3% in October and 0.2% in September. 

On an unadjusted basis, the index for final demand advanced 3.0% for the 12 months ended in November, the largest rise since moving up 4.7% for the 12 months ended February 2023.

In November, nearly 60% of the broad-based rise in final demand prices can be attributed to a 0.7% increase in the index for final demand goods. Prices for final demand services moved up 0.2%.

The index for final demand less foods, energy, and trade services inched up 0.1% in November after rising 0.3% in October. For the 12 months ended in November, prices for final demand less foods, energy, and trade services advanced 3.5%.