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Final demand producer prices up 0.8 percent for the 12 months ended November 2020

December 21, 2020

The Producer Price Index for final demand increased 0.8 percent for the 12 months ended November 2020. Prices for final demand goods, which account for 32.7 percent of the Producer Price Index, decreased 0.8 percent over the year ended November 2020. Final demand services, with a weight of 65.5 percent, increased 1.5 percent from November 2019 to November 2020.

12-month percent change in the Final Demand Producer Price Index, and relative importance weight, by category, November 2020
Category 12-month percent change,
Nov. 2019 to Nov. 2020
Relative importance weight,
Dec. 2019

Final demand, total

0.8% 100.000%

Final demand goods

-0.8 32.726

Final demand foods

1.2 5.742

Final demand energy

-11.2 5.343

Final demand goods less foods and energy

1.3 21.641

Final demand services

1.5 65.540

Final demand trade services

3.1 20.290

Final demand transportation and warehousing services

-4.6 4.707

Final demand services less trade, transportation, and warehousing

1.3 40.543

Final demand construction

1.2 1.733

Note: These data are not seasonally adjusted. All producer price data are subject to revision 4 months after initial publication.

Within the goods category, final demand foods, which have a weight of 5.7 percent, increased 1.2 percent. Prices for final demand energy goods, with a weight of 5.3 percent, decreased 11.2 percent over the year. Prices for other final demand goods (final demand goods less food and energy), which have a weight of 21.6 percent, increased 1.3 percent.

Within the services category, prices for final demand trade services (with a weight of 20.3 percent) increased 3.1 percent over the year. Prices for final demand transportation and warehousing services (weight of 4.7 percent) decreased 4.6 percent. Prices for final demand services less trade, transportation, and warehousing (weight of 40.5 percent) increased 1.3 percent during this 12-month period.

Prices for final demand construction, which makes up 1.7 percent of total producer prices, increased 1.2 percent.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — November 2020." Also see Charts related to the latest "U.S. Producer Price Indexes" news release. Producer price indexes measure prices U.S. producers receive for goods, services, and construction. All producer price data are subject to revision 4 months after initial publication. The relative importance weight of a PPI component represents its share of the total national final demand output, expressed as a percentage, with the total equal to 100 percent.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Final demand producer prices up 0.8 percent for the 12 months ended November 2020 at https://www.bls.gov/opub/ted/2020/final-demand-producer-prices-up-0-8-percent-for-the-12-months-ended-november-2020.htm (visited September 26, 2021).

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