Producer Prices Rose 0.8% in November

Washington, DC, December 14, 2021-The Producer Price Index for final demand increased 0.8% in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices moved up 0.6% in each of the three prior months. 

On an unadjusted basis, the final demand index rose 9.6% for the 12 months ended in November, the largest advance since 12-month data were first calculated in November 2010.

In November, the index for final demand services rose 0.7% and prices for final demand goods increased 1.2%.

The index for final demand less foods, energy, and trade services moved up 0.7% in November, the largest rise since climbing 0.8% in July. For the 12 months ended in November, prices for final demand less foods, energy, and trade services increased 6.9%, the largest advance since 12-month data were first calculated in August 2014.