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Producer Price Index for final demand increased 0.8 percent for year ending October 2016
November 18, 2016
From October 2015 to October 2016, the Producer Price Index for final demand increased 0.8 percent, the largest over-the-year increase since the 12 months ending December 2014.
For the 12 months ending October 2016, the Producer Price Index for final demand less foods, energy, and trade services increased 1.6 percent, the largest gain since the index increased 1.7 percent for the 12 months ending September 2014.
The index for processed goods for intermediate demand fell 0.5 percent over the 12 months ending October 2016, while the index for unprocessed goods for intermediate demand declined 4.2 percent. The index for services for intermediate demand increased 2.3 percent for the year ending October 2016.
These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see “Producer Price Indexes — October 2016” (HTML) (PDF). Producer price indexes measure prices that U.S. producers receive for goods, services, and construction. All producer prices are subject to revision once, 4 months after original publication, reflecting late reports and corrections by respondents. For more charts, see Charts related to the latest “U.S. Producer Price Indexes” news release.
United States Department of Labor
