Producer prices rose 0.4 percent in October, seasonally adjusted, after falling 0.3 percent in September, according to the U.S. Bureau of Labor Statistics. Producer prices rose 1.1 percent on an un-adjusted basis for the twelve months ending in October. The “core” measure of producer prices, which is final demand less foods, energy, and trade, was unchanged inched up 0.1 percent in October, but is up 1.5 percent from a year ago.
The index for final demand goods increased 0.7 percent in October, the largest increase since a 1.0-percent jump in March. The index for final demand energy was the biggest driver, rising 2.8 percent, while prices for final demand goods less foods and energy was unchanged.
Prices for final demand services were rose 0.8 percent in October. Prices for final demand trade led the increase, rising 1.7%. Prices for final demand transportation and warehousing also rose 0.7 percent in October after increasing 0.5 percent in September.
Read the BLS release.
