Producer Prices Unchanged in October

Producer prices remained unchanged in October, seasonally adjusted, after rising 0.3% in September, according to the U.S. Bureau of Labor Statistics. Year over year, producer prices have risen 0.8%, which is the largest 12-month rise since December 2014 (0.9%).

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The index for final demand goods rose 0.4% in October after also rising in September. Most of the increase is due to a 2.5% rise in the index for final demand energy. In contrast, there was a 0.8% decrease in the index for final demand foods.

Prices for final demand services fell 0.3% in October after rising 0.1% in both the previous two months. Much of the decline was due to the index for final demand services less trade, transportation, and warehousing, which decreased by 0.3%.

Read the BLS release.

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