Producer prices fell in November 2008

December 15, 2008

The Producer Price Index for Finished Goods fell 2.2 percent in November, seasonally adjusted. The index for energy goods fell 11.2 percent in November following a 12.8-percent drop in the preceding month.

Percent change from 12 months ago, Producer Price Index for Finished Goods, not seasonally adjusted, November 1999-November 2008
[Chart data—TXT]

Prices for consumer foods were unchanged after declining 0.2 percent in October.

Prices for goods other than foods and energy advanced 0.1 percent in November compared with a 0.4-percent rise a month earlier.

From November 2007 to November 2008, prices for finished goods rose 0.4 percent, as shown in the chart.

These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — November 2008," (PDF) (HTML) news release USDL 08-1805. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices fell in November 2008 on the Internet at http://www.bls.gov/opub/ted/2008/dec/wk3/art01.htm (visited October 31, 2014).

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