Producer Prices Grew 0.4% in October

Producer prices increased 0.4% in October, seasonally adjusted, after growing 0.4% in September, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.8% for the twelve months ended October 2017, the largest gain since the twelve months ended February 2012.

The index for final demand goods advanced 0.3% in October, the third consecutive increase. The index for final demand energy led the way, growing 0.5%. Prices for final demand energy were unchanged.

Prices for final demand services grew 0.5%, following a 0.4% increase in September. Prices for final demand trade jumped 1.1% in October after increasing 0.8% in September.

Read the BLS release.

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About Stephen Newton

Stephen Newton is an economic research associate at ABA.