December 16, 2021
In November, the seasonally adjusted Producer Price Index for final demand climbed by 0.8%. Final demand prices increased by 0.6% in each of the 3 prior months. There was a 9.6% increase in prices for final demand.
Prices for final demand less foods, energy, and trade services climbed 0.7% in the month of November after increasing 0.2% in October. For the 12 months ended in November, the index for final demand less foods, energy, and trade services rose 6.9%.
In November, prices for final demand services increased by 0.7%, marking the eleventh consecutive increase. The index for final demand services less trade, transportation, and warehousing rose 0.6%. The index for final demand trade services gained 0.6% in November. Final demand transportation and warehousing services saw a 1.9% increase in price.
Following a 1.3% increase in October, the final demand goods index increased by 1.2% in November. Prices for final demand goods less foods and energy climbed 0.8%, the index for final demand energy increased 2.6%, and prices for final demand foods moved up 1.2%.
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