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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.
United States Department of Labor
