Producer Price Index for final demand increased 0.8 percent for year ending October 2016

November 18, 2016

From October 2015 to October 2016, the Producer Price Index for final demand increased 0.8 percent, the largest over-the-year increase since the 12 months ending December 2014.

12-month percent change in selected Producer Price Indexes, not seasonally adjusted, October 2014–October 2016
Month Final demand Final demand less foods, energy, and trade services Processed goods for intermediate demand Unprocessed goods for intermediate demand Services for intermediate demand

Oct 2014

1.5% 1.5% 0.2% -2.1% 1.8%

Nov 2014

1.3 1.5 -0.6 -1.6 1.5

Dec 2014

0.9 1.3 -2.6 -8.7 1.8

Jan 2015

0.0 1.0 -5.6 -18.8 1.7

Feb 2015

-0.5 0.8 -6.4 -25.2 1.3

Mar 2015

-0.9 0.7 -6.7 -26.0 1.2

Apr 2015

-1.1 0.8 -7.6 -26.3 1.9

May 2015

-0.8 0.7 -6.7 -23.0 1.8

Jun 2015

-0.5 0.8 -6.2 -22.0 1.7

Jul 2015

-0.7 0.9 -6.5 -23.2 1.4

Aug 2015

-1.0 0.6 -7.2 -23.7 1.6

Sep 2015

-1.1 0.5 -8.3 -25.7 1.1

Oct 2015

-1.4 0.4 -7.7 -24.0 0.2

Nov 2015

-1.3 0.2 -7.2 -26.4 0.4

Dec 2015

-1.1 0.3 -6.6 -25.3 0.5

Jan 2016

0.0 0.8 -5.3 -17.5 1.5

Feb 2016

0.1 0.9 -5.8 -16.4 1.9

Mar 2016

-0.1 0.9 -5.5 -14.4 1.6

Apr 2016

0.2 1.0 -4.6 -13.0 1.1

May 2016

0.0 1.0 -4.5 -12.8 1.1

Jun 2016

0.2 1.0 -4.1 -10.8 1.4

Jul 2016(p)

-0.2 0.8 -3.7 -8.7 1.6

Aug 2016(p)

0.0 1.2 -3.1 -8.4 1.4

Sep 2016(p)

0.7 1.5 -1.2 -4.8 2.5

Oct 2016(p)

0.8 1.6 -0.5 -4.2 2.3
Footnotes:

(p) = preliminary.

For the 12 months ending October 2016, the Producer Price Index for final demand less foods, energy, and trade services increased 1.6 percent, the largest gain since the index increased 1.7 percent for the 12 months ending September 2014.

The index for processed goods for intermediate demand fell 0.5 percent over the 12 months ending October 2016, while the index for unprocessed goods for intermediate demand declined 4.2 percent. The index for services for intermediate demand increased 2.3 percent for the year ending October 2016.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see “Producer Price Indexes — October 2016” (HTML) (PDF). Producer price indexes measure prices that U.S. producers receive for goods, services, and construction. All producer prices are subject to revision once, 4 months after original publication, reflecting late reports and corrections by respondents. For more charts, 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 Price Index for final demand increased 0.8 percent for year ending October 2016 on the Internet at https://www.bls.gov/opub/ted/2016/producer-price-index-for-final-demand-increased-0-point-8-percent-for-year-ending-october-2016.htm (visited September 21, 2019).

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