Producer Prices Rose 0.5% in September
Washington, DC, October 11, 2023-The Producer Price Index for final demand increased 0.5% in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices rose 0.7% in August and 0.6% in July.
On an unadjusted basis, the index for final demand advanced 2.2% for the 12 months ended in September, the largest increase since moving up 2.3% for the 12 months ended in April.
Leading the increase in the final demand index in September, prices for final demand goods rose 0.9%. The index for final demand services advanced 0.3%.
Prices for final demand less foods, energy, and trade services increased 0.2% in September, the fourth consecutive advance. For the 12 months ended in September, the index for final demand less foods, energy, and trade services moved up 2.8%.