PPI for final demand up 2.8 percent for the year ended October 2017

November 20, 2017

For the 12 months ended October 2017, the Producer Price Index for final demand increased 2.8 percent (not seasonally adjusted), the largest increase since a 2.8-percent rise for the 12 months ended February 2012. The index for final demand less foods, energy, and trade services advanced 2.3 percent over the past year.

12-month percent change in selected Producer Price Indexes, not seasonally adjusted, October 2016–October 2017
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 2016

1.1% 1.5% -0.6% -4.4% 2.4%

Nov 2016

1.3 1.8 0.1 1.0 2.6

Dec 2016

1.7 1.8 1.8 13.0 2.6

Jan 2017

1.7 1.7 4.0 17.4 1.7

Feb 2017

2.0 1.8 5.4 19.2 2.1

Mar 2017

2.2 1.8 5.3 13.4 2.0

Apr 2017

2.5 2.0 5.4 12.8 2.5

May 2017

2.3 2.1 4.6 8.5 2.7

Jun 2017

1.9 2.1 3.8 5.8 2.8

Jul 2017(p)

1.9 1.9 3.5 5.2 2.2

Aug 2017(p)

2.4 1.9 4.1 6.8 2.6

Sep 2017(p)

2.6 2.1 4.3 7.0 2.7

Oct 2017(p)

2.8 2.3 5.0 7.7 2.9
Footnotes:

(p) = preliminary.

The Producer Price Index for processed goods for intermediate demand increased 5.0 percent for the year ended October 2017, while the index for unprocessed goods for intermediate demand increased 7.7 percent. The index for services for intermediate demand increased 2.9 percent over the past year.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see “Producer Price Indexes — October 2017” (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. 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, PPI for final demand up 2.8 percent for the year ended October 2017 on the Internet at https://www.bls.gov/opub/ted/2017/ppi-for-final-demand-up-2-point-8-percent-for-the-year-ended-october-2017.htm (visited September 22, 2019).

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