According to the U.S. Bureau of Labor Statistics, the Producer Price Index (PPI) for final demand increased by 0.4%in November on a seasonally adjusted basis.
This follows a 0.3% rise in October and a 0.2% increase in September. On an unadjusted basis, the index for final demand rose by 3.0% over the 12 months ending in November, marking the largest annual increase since a 4.7% rise for the 12 months ending in February 2023.
In November, nearly 60% of the overall increase in final demand prices was driven by a 0.7% rise in the index for final demand goods. Prices for final demand services increased by 0.2%.
The index for final demand excluding food, energy, and trade services edged up by 0.1% in November, following a 0.3% rise in October. Over the 12 months ending in November, prices for final demand excluding food, energy, and trade services increased by 3.5%.
Source: U.S. Bureau of Labor Statistics
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