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Home » Distribution Industry News » Producer Price Index for Final Demand Up 0.6% in February 2024

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  • Published on: March 15, 2024

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Distribution Industry News

Producer Price Index for Final Demand Up 0.6% in February 2024

The Producer Price Index for final demand rose 0.6% in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices increased 0.3% in January and edged down 0.1% in December 2023. 

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On an unadjusted basis, the index for final demand rose 1.6% for the 12 months ended February 2024. 

In February, nearly two-thirds of the advance in the index for final demand can be traced to
a 1.2% rise in prices for final demand goods. The index for final demand services increased 0.3%.

The index for final demand less foods, energy and trade services rose 0.4% in  

February 2024 after rising 0.6% in January, the largest advance since moving up 1.8% in September 2023. For the 12 months ended February 2024, prices for final demand less foods, energy and trade services increased 2.8%. 

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