Producer Prices Slipped 0.1% in December

Producer prices decreased 0.1% in December, seasonally adjusted, after growing 0.4% in November, according to the U.S. Bureau of Labor Statistics. It was the first monthly drop since August 2016. However, producer prices still rose 2.6% for the twelve months ended December 2017.

The index for final demand goods was unchanged in December, after in increases in each of the previous four months. The index for final demand energy was unchanged, while prices for final demand goods less foods and energy grew 0.2%.

Prices for final demand services fell 0.2%. Prices for final demand transportation and warehousing decreased 0.4% in December after increasing 0.6% in November. Prices for final demand trade fell 0.6%.

Read the BLS release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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