Producer Prices Rose 0.4% in November

Producer prices increased 0.4% in November, seasonally adjusted, after remaining unchanged in October, according to the U.S. Bureau of Labor Statistics. Year over year, producer prices have risen 1.3%, which is the largest 12-month rise since November 2014 (1.3%).

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The index for final demand goods rose 0.2% in November after also rising in October. The increase was led by a 0.2% rise in the index for final demand goods less food and energy. In contrast, there was a 0.3% decrease in the index for final demand energy.

Prices for final demand services rose 0.5% in November, the largest increase since January 2016. Much of the advance was due to the index for final demand trade services, which increased by 1.3%.

Read the BLS release.

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