Producer Prices Increased in November

Producer prices increased 0.3 percent in November, seasonally adjusted, after decreasing 0.4 percent in October according to the U.S. Bureau of Labor Statistics. November’s increase was attributable to an increase in prices for final demand services.

Prices for final demand goods fell 0.1 percent, the fifth consecutive month of decreases. Over 90 percent of the decline in goods prices can be traced to energy prices, which fell 0.6 percent. Prices for final demand goods less foods and energy also fell by 0.1 percent, while prices for final demand foods rose 0.3 percent.

The index for final demand services increased 0.5 percent, primarily due to a 1.2 percent increase in final demand trade services. Prices for final demand transportation and warehousing services also increased, rising 0.3 percent.

Read the BLS release.