The Producer Price Index for final demand was unchanged in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices decreased 0.4% in October and rose 0.4% in September. On an unadjusted basis, the index for final demand increased 0.9% for the 12 months ended in November.
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In November, the indexes for both final demand goods and for final demand services were unchanged.
The index for final demand less foods, energy and trade services edged up 0.1% in November, the sixth consecutive advance. For the 12 months ended in November, prices for final demand less foods, energy, and trade services rose 2.5%.
The index for final demand goods was unchanged in November after dropping 1.4% in October. In November, price increases of 0.6% for final demand foods and 0.2% for final demand goods less foods and energy offset a 1.2-percent decrease in the index for final demand energy.
Within final demand goods in November, prices for chicken eggs jumped 58.8%. The indexes for fresh fruits and melons, utility natural gas, electric power and carbon steel scrap also moved higher. In contrast, prices for gasoline fell 4.1%. The indexes for processed poultry, industrial chemicals, jet fuel and liquefied petroleum gas also moved lower.
The index for final demand services remained unchanged in November, the same as in October. In November, prices for final demand services less trade, transportation and warehousing edged up 0.1%. Conversely, the indexes for final demand trade services and for final demand transportation and warehousing services declined, 0.2% and 0.5%, respectively. (Trade indexes measure changes in margins received by wholesalers and retailers.)
