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HomeNewsEconomyProducer Price Index (PPI) for Final Demand Bounces Back Strong in September

Producer Price Index (PPI) for Final Demand Bounces Back Strong in September

Producer Price Index (PPI) Graphic
Producer Price Index (PPI) Graphic

Producer Price Index (PPI) Graphic

The Bureau of Labor Statistics (BLS) said Thursday the Producer Price Index (PPI) bounced back strongly in September, meeting the median forecast. The Labor Department said a strong increase in demand for services and hurricane-related increases in energy prices fueled the 0.4% gain in final demand.

Final demand prices moved up 0.2% in August and ticked down 0.1% in July. On an unadjusted basis, the final demand index gained 2.6% for the 12 months ended in September, the largest rise since an advance of 2.8% for the 12 months ended February 2012.

Prices for final demand services rose 0.4% and and the index for final demand goods gained 0.7%.

Prices for final demand excluding foods, energy, and trade services increased 0.2% in September, unchanged from August. For the 12 months ended in September, the index for final demand less foods, energy, and trade services increased 2.1%.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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