The Producer Price Index for Final Demand decreased 0.1% in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices advanced 0.3% in January and declined 0.2% in December 2022. On an unadjusted basis, the final demand index rose 4.6% for the 12 months ended in February.
In February, the decline in the final demand index was led by prices for final demand goods, which fell 0.2%. The index for final demand services edged down 0.1%.
The index for final demand less foods, energy and trade services increased 0.2% in February after rising 0.5% in January. For the 12 months ended in February, prices for final demand less foods, energy and trade services advanced 4.4%.
A 2.2% decline in prices for final demand foods was a major factor in the February decrease, particularly for chicken eggs.