Producer Prices Rose 0.6% in October, 8.6% in the Last Year
Washington, DC, November 9, 2021-The Producer Price Index for final demand increased 0.6% in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices moved up 0.5% in September and 0.7% in August.
On an unadjusted basis, the final demand index rose 8.6% for the 12 months ended in October.
Over 60% of the October increase in the index for final demand can be traced to a 1.2% rise in prices for final demand goods. The index for final demand services moved up 0.2%, and prices for final demand construction advanced 6.6%.
Prices for final demand less foods, energy, and trade services moved up 0.4% in October after increasing 0.1% in September. For the 12 months ended in October, the index for final demand less foods, energy, and trade services rose 6.2%.