The Producer Price Index for finished goods declined 0.3 percent in October, seasonally adjusted. Finished goods prices rose 0.8 percent in September and were unchanged in August.
Prices for finished energy goods moved down 1.4 percent in October, the largest decrease since a 2.3-percent drop in June 2011. Nearly two-thirds of the October decline can be attributed to the gasoline index, which fell 2.4 percent. Lower prices for residential natural gas and home heating oil also were factors in the drop in the finished energy goods index.
The index for finished consumer foods advanced 0.1 percent in October, the fifth consecutive monthly increase.
The index for finished goods less foods and energy was unchanged in October following ten straight monthly advances.
These data are from the BLS Producer Price Index program. To learn more, see “Producer Price Indexes — October 2011” (HTML) (PDF), news release USDL-11-1643. 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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices in October 2011 at https://www.bls.gov/opub/ted/2011/ted_20111121.htm (visited February 02, 2023).