Producer Prices Grew 0.4% in November

Producer prices increased 0.4% in November, seasonally adjusted, after growing 0.4% in October, according to the U.S. Bureau of Labor Statistics. Producer prices rose 3.1% for the twelve months ended November 2017, the largest gain since the twelve months ended January 2012.

The index for final demand goods advanced 1.0% in November, the fourth consecutive increase. The index for final demand energy led the way, growing 4.6%. Prices for final demand goods less foods and energy grew 0.3%.

Prices for final demand services grew 0.2%, the third consecutive rise. Prices for final demand transportation and warehousing increased 0.6% in November after increasing 0.8% in October.

Read the BLS release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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