Producer prices decreased 0.2 percent in December, seasonally adjusted, after rising 0.3 percent in November, according to the U.S. Bureau of Labor Statistics. December’s decrease was attributable to a decline in prices for final demand goods.
Prices for final demand goods fell 0.7 percent, the sixth consecutive month of decreases. Over 75 percent of the decline could be traced to energy prices, which fell 3.4 percent. In addition, prices for final demand foods decreased 1.3 percent in December.
The index for final demand services moved up 0.1 percent. The increase could be traced to a 0.4 percent increase in prices for final demand services excluding trade, transportation, and warehousing. Conversely, prices for trade, transportation, and warehousing fell 0.4 percent in December.
Read the BLS release.
