The Producer Price Index for final demand rose 0.3% in December, seasonally adjusted, according to the U.S. Bureau of Labor Statistics. This follows a 0.1% increase in November. On an unadjusted basis, the final demand index increased 0.8% for the 12 months ended in December.
Prices for final demand less foods, energy, and trade services rose 0.4% in December. For the 12 months ended in December, the index for final demand less foods, energy, and trade services increased 1.1%.
The index for final demand goods rose 1.1% in December, the largest increase since May. Most of the December increase can be traced to to prices for final demand energy, which climbed 5.5%.
The index for final demand services fell 0.1% in December. Prices for final demand services less trade, transportation, and warehousing climbed 0.2%. Prices for final demand transportation and warehousing services edged down 0.1%. In contrast, the index for final demand services less trade, transportation, and warehousing rose 0.2%.
Read the BLS release.
