Producer Prices Rose 0.6% in October
Washington, DC, November 9, 2018-The Producer Price Index for final demand rose 0.6% in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices advanced 0.2% in September and declined 0.1% in August.
On an unadjusted basis, the final demand index increased 2.9% for the 12 months ended in October.
In October, over 60% of the rise in final demand prices can be traced to a 0.7% advance in the index for final demand services. Prices for final demand goods moved up 0.6%.
The index for final demand less foods, energy, and trade services rose 0.2% in October after climbing 0.4% in September. For the 12 months ended in October, prices for final demand less foods, energy, and trade services advanced 2.8%.