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Producer Price Index for final demand up 1.1 percent for the 12 months ended November 2019

December 18, 2019

The Produce Price Index for final demand moved up 1.1 percent for the 12 months ended in November 2019. Prices for final demand less foods, energy, and trade services moved up 1.3 percent, the smallest advance since climbing 1.3 percent in the 12 months ended September 2016.

Prices for final demand foods increased 3.2 percent, while prices for final demand energy decreased 4.0 percent over this 12-month period.

Percent change in Producer Price Indexes for final demand, November 2018 to November 2019
Grouping 12-month percent change

Final demand, total

1.1%

Foods

3.2

Energy

-4.0

Goods less foods and energy

0.5

Trade services

1.4

Transportation and warehousing services

-0.4

Services less trade, transportation, and warehousing

1.7

Construction

3.7

Prices for final demand goods less foods and energy were up 0.5 percent for the 12 months ended in November. Final demand trade services prices were up 1.4 percent over the year. Prices for final demand transportation and warehousing services decreased 0.4 percent, while the index for final demand services less trade, transportation, and warehousing increased 1.7 percent over these 12 months.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — November 2019." All producer price indexes are subject to revision once, 4 months after original publication; these revisions reflect late reports and corrections by respondents. Producer price indexes measure prices U.S. producers receive for goods, services, and construction. Also see Charts related to the latest "U.S. Producer Price Indexes" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index for final demand up 1.1 percent for the 12 months ended November 2019 on the Internet at https://www.bls.gov/opub/ted/2019/producer-price-index-for-final-demand-up-1-point-1-percent-for-the-12-months-ended-november-2019.htm (visited September 19, 2020).

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