The Producer Price Index for final demand increased 0.4% in November 2024, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices rose 0.3% in October and 0.2% in September.
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On an unadjusted basis, the index for final demand advanced 3% for the 12 months ended in November, the largest rise since moving up 4.7% for the 12 months ended February 2023.
The index for final demand less foods, energy and trade services inched up 0.1% in November after rising 0.3% in October. For the 12 months ended in November, prices for final demand less foods, energy and trade services advanced 3.5%.
