Producer Price Index for final demand increased 2.6 percent in 2017

January 17, 2018

The Producer Price Index for final demand increased 2.6 percent for the 12 months ending December 2017, after increasing by 1.7 percent for the previous 12 months.

12-month percent change in selected Producer Price Indexes for final demand, not seasonally adjusted, December 2016–December 2017
Month Total final demand Final demand less foods,
energy, and trade services
Final demand goods Final demand services

Dec 2016

1.7% 1.8% 1.9% 1.6%

Jan 2017

1.7 1.7 3.1 1.1

Feb 2017

2.0 1.8 4.0 1.0

Mar 2017

2.2 1.8 4.1 1.3

Apr 2017

2.5 2.0 4.1 1.7

May 2017

2.3 2.1 2.9 2.0

Jun 2017

1.9 2.1 2.2 1.7

Jul 2017

2.0 2.0 2.3 1.9

Aug 2017

2.4 1.9 3.1 2.2

Sep 2017

2.6 2.1 3.3 2.1

Oct 2017

2.8 2.3 3.2 2.4

Nov 2017

3.1 2.4 4.2 2.4

Dec 2017

2.6 2.3 3.5 2.2

The Producer Price Index for final demand less foods, energy, and trade services increased 2.3 percent in 2017, following a 1.8-percent increase in 2016. The index for final demand goods increased 3.5 percent for the year ending December 2017, after increasing 1.9 percent for the previous 12 months. Prices for final demand services increased 2.2 percent over the year; this follows a 1.6-percent increase for the 12 months ending December 2016.

These data are from the Producer Price Index program and are not seasonally adjusted. To learn more, see “Producer Price Indexes — December 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, Producer Price Index for final demand increased 2.6 percent in 2017 on the Internet at https://www.bls.gov/opub/ted/2018/producer-price-index-for-final-demand-increased-2-point-6-percent-in-2017.htm (visited September 18, 2019).

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