December 12, 2019
Final demand for the Producer Price Index remained unchanged in November 2019, seasonally adjusted according to U.S. Bureau of Labor Statistics. Final demand prices rose 0.4% in October and fell 0.3% in September. On an unadjusted basis, the final demand index increased 1.1% for the 12 months ended in November.
The index for final demand less foods, energy, and trade services was also unchanged in the month of November after climbing 0.1% in October. Notably, the index over the past twelve months ended November depicted an upwards trend with a 1.3% advance.
Final demand services fell 0.3%, the largest decline since February 2017. Approximately over two-thirds of the broad base decrease can be linked to a 0.6% decline in margins for final demand trade services. BLS highlighted, “Prices for final demand services less trade, transportation, and warehousing went down 0.1%, and the index for final demand transportation and warehousing services decreased 0.3%.”
A growth of 0.3% was observed in prices for final demand goods. This performance stemmed from prices for final demand foods, which moved up 1.1%.The index for final demand energy advanced 0.6%, while prices for final demand goods less foods and energy rose 0.2%.
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