Producer Prices Rose in October

Producer prices increased 0.6 percent in October, seasonally adjusted, after increasing 0.2 percent in September, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.9 percent for the twelve months ended October 2018.

The index for final demand goods increased 0.6 percent in October, the largest rise since May. The index for final demand energy rose 2.7 percent, while prices for final demand goods less foods and energy were unchanged.

Prices for final demand services increased 0.7 percent, the largest rise since January 2016. Prices for final demand transportation and warehousing rose 0.6 percent in October. Prices for final demand trade increased 1.6 percent.

Read the BLS release.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
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