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Producer prices for final demand rose 7.4 percent over the year ended November 2022

December 14, 2022

Producer prices for final demand rose 7.4 percent over the year ended November 2022. A 9.7-percent rise in producer prices for goods, a 5.9-percent rise in producer prices for services, and a 19.0-percent rise in producer prices for construction led to this price increase.

12-month percent change in Producer Price Indexes for final demand, November 2017–November 2022
Month Total Goods Foods Energy Goods less foods and energy Services Trade services Transportation and warehousing services Services less trade, transportation, and warehousing Construction

Nov 2017

3.0% 4.2% 3.2% 12.5% 2.4% 2.3% 2.1% 3.9% 2.3% 2.9%

Dec 2017

2.5 3.5 2.0 10.1 2.2 2.1 1.8 2.3 2.3 3.1

Jan 2018

2.6 3.2 1.9 8.7 2.1 2.2 1.4 2.3 2.6 3.6

Feb 2018

2.8 3.1 0.6 9.0 2.2 2.7 2.6 3.1 2.7 3.6

Mar 2018

2.9 3.3 1.9 8.6 2.3 2.8 1.8 4.9 3.0 3.6

Apr 2018

2.7 3.0 -0.6 9.4 2.2 2.5 1.7 4.5 2.5 4.2

May 2018

3.1 4.3 0.6 15.9 2.5 2.4 1.4 5.0 2.6 4.1

Jun 2018

3.3 4.4 -1.1 17.5 2.6 2.7 2.4 5.6 2.5 4.2

Jul 2018

3.4 4.4 -1.3 17.0 2.8 2.7 2.0 6.2 2.7 3.3

Aug 2018

3.0 3.9 -1.1 13.9 2.8 2.5 1.2 5.8 2.7 3.4

Sep 2018

2.7 3.4 -1.2 10.0 2.8 2.5 0.9 6.1 2.8 3.5

Oct 2018

3.1 3.8 -0.6 12.6 2.7 2.6 1.6 6.6 2.7 4.9

Nov 2018

2.6 2.6 0.4 4.1 2.7 2.6 2.0 6.4 2.6 5.2

Dec 2018

2.6 1.6 2.8 -3.1 2.6 3.0 3.1 6.5 2.6 5.2

Jan 2019

1.9 0.6 1.3 -7.4 2.5 2.6 2.5 6.4 2.1 5.0

Feb 2019

1.9 0.7 1.6 -6.5 2.3 2.4 2.4 4.5 2.2 5.0

Mar 2019

2.0 1.2 0.0 -0.9 2.1 2.3 2.7 3.6 2.0 5.1

Apr 2019

2.4 1.7 1.2 1.2 1.9 2.7 3.3 3.9 2.3 5.4

May 2019

2.1 0.8 0.6 -2.2 1.6 2.7 2.7 3.9 2.5 5.5

Jun 2019

1.6 0.0 2.3 -6.8 1.3 2.3 2.2 3.1 2.3 5.3

Jul 2019

1.6 0.3 2.6 -5.3 1.2 2.3 2.7 2.9 2.1 5.6

Aug 2019

1.9 -0.1 2.3 -6.7 1.0 2.7 3.9 2.5 2.2 5.5

Sep 2019

1.5 -0.5 2.7 -8.4 0.9 2.3 3.2 1.1 2.0 5.6

Oct 2019

1.0 -0.6 3.2 -8.8 0.7 1.9 2.2 0.9 1.8 3.9

Nov 2019

1.0 0.2 3.4 -4.4 0.6 1.4 0.8 0.1 1.8 3.8

Dec 2019

1.4 1.0 1.2 2.4 0.6 1.4 0.8 2.2 1.8 3.9

Jan 2020

2.0 1.8 2.8 6.4 0.6 1.9 1.5 0.7 2.2 3.7

Feb 2020

1.1 0.6 1.1 0.1 0.6 1.4 0.7 1.0 1.7 3.8

Mar 2020

0.3 -1.7 0.7 -12.6 0.4 1.3 1.4 -1.8 1.5 3.5

Apr 2020

-1.5 -5.2 0.3 -30.7 0.2 0.3 1.7 -5.7 0.3 2.7

May 2020

-1.1 -3.6 6.5 -27.5 0.2 0.2 1.5 -4.9 0.1 2.4

Jun 2020

-0.7 -2.6 0.6 -17.2 0.3 0.3 1.2 -3.9 0.3 2.4

Jul 2020

-0.3 -2.2 -0.4 -14.2 0.5 0.7 1.9 -4.7 0.6 2.2

Aug 2020

-0.3 -1.6 -0.1 -12.3 0.8 0.3 1.1 -5.2 0.7 1.9

Sep 2020

0.3 -1.0 1.3 -11.7 1.1 0.9 1.7 -4.2 1.2 1.7

Oct 2020

0.6 -1.0 2.2 -12.6 1.0 1.3 2.5 -3.4 1.3 1.2

Nov 2020

0.8 -0.8 0.9 -11.0 1.3 1.6 3.1 -3.8 1.4 1.3

Dec 2020

0.8 0.0 -0.2 -6.8 1.7 1.3 1.9 -5.9 1.7 1.2

Jan 2021

1.6 1.3 1.2 -2.7 2.3 1.8 2.3 -4.1 2.3 0.8

Feb 2021

3.0 3.5 4.5 5.9 2.7 2.6 3.4 -2.9 2.8 0.9

Mar 2021

4.1 7.0 5.1 23.7 3.6 2.9 2.6 1.6 3.2 1.4

Apr 2021

6.5 10.9 7.3 48.9 4.8 4.5 3.8 9.0 4.5 2.1

May 2021

7.0 11.1 4.3 46.4 6.1 5.1 5.8 7.8 4.6 2.8

Jun 2021

7.6 11.9 10.9 36.0 7.0 5.5 6.8 8.0 4.8 3.2

Jul 2021

8.0 12.1 10.4 33.9 7.6 6.0 7.6 11.4 4.8 4.4

Aug 2021

8.7 12.7 13.0 33.0 8.0 6.8 10.0 13.2 4.7 5.0

Sep 2021

8.8 13.4 13.3 36.2 8.3 6.7 10.4 11.3 4.5 5.3

Oct 2021

8.9 14.3 10.6 43.0 8.9 6.2 9.4 10.9 4.3 11.8

Nov 2021

9.9 14.9 11.8 42.9 9.4 7.5 11.8 14.6 4.8 12.0

Dec 2021

10.0 13.4 13.1 31.6 9.3 8.4 14.2 17.0 4.8 12.2

Jan 2022

10.1 13.6 13.2 31.3 9.4 8.2 14.8 15.9 4.3 15.7

Feb 2022

10.4 14.4 14.0 33.0 9.7 8.4 16.4 16.8 3.8 16.2

Mar 2022

11.7 15.8 16.1 37.4 10.0 9.4 18.9 21.8 3.8 16.4

Apr 2022

11.2 16.4 16.3 39.8 10.2 8.3 16.7 20.6 3.1 19.1

May 2022

11.1 16.7 13.6 44.9 9.8 8.0 15.3 23.4 3.0 18.9

Jun 2022

11.2 17.6 12.5 52.9 9.2 7.8 14.8 22.9 2.8 19.3

Jul 2022

9.7 14.7 15.1 35.8 8.5 6.9 13.8 19.1 2.3 23.1

Aug 2022

8.7 12.3 12.8 26.7 8.1 6.6 12.6 16.9 2.5 22.9

Sep 2022

8.5 11.3 12.0 24.1 7.5 6.7 12.3 17.6 2.7 22.9

Oct 2022

8.1 10.5 13.2 21.1 6.7 6.5 11.6 16.8 3.0 19.2

Nov 2022

7.4 9.7 15.5 16.2 6.2 5.9 10.8 12.7 2.7 19.0

Among goods, producer prices for food rose 15.5 percent, producer prices for energy rose 16.2 percent, and producer prices for goods less food and energy rose 6.2 percent from November 2021 to November 2022.

Over the year, producer prices for trade services rose 10.8 percent, producer prices for transportation and warehousing services rose 12.7 percent, and producer prices for services less trade, transportation, and warehousing rose 2.7 percent.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — November 2022." Producer price indexes measure prices U.S. producers receive for goods, services, and construction. All producer price data are subject to revision in each month after initial publication before becoming final 4 months after initial publication. 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 prices for final demand rose 7.4 percent over the year ended November 2022 at https://www.bls.gov/opub/ted/2022/producer-prices-for-final-demand-rose-7-4-percent-over-the-year-ended-november-2022.htm (visited January 30, 2023).

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