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Saturday, October 20, 2018
HomeNewsEconomyProducer Price Index (PPI) for Final Demand Matches Forecast for 0.2% Gain

Producer Price Index (PPI) for Final Demand Matches Forecast for 0.2% Gain

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

Producer Price Index (PPI) Graphic

The U.S. Bureau of Labor Statistics (BLS) reported the Producer Price Index (PPI) for final demand increased by a seasonally adjusted 0.2% in September, matching the consensus forecast. Final demand prices declined 0.1% in August and were unchanged in July. On an unadjusted basis, the final demand index advanced 2.6% for the 12 months ended in September.

In September, the rise in the final demand index can be traced to a 0.3% increase in prices for final demand services. In contrast, the index for final demand goods decreased 0.1%. The index for final demand less foods, energy, and trade services moved up 0.4% in September, the largest rise since a 0.5% increase in January. For the 12 months ended in September, prices for
final demand less foods, energy, and trade services advanced 2.9%.

The index for final demand services increased 0.3% in September following two consecutive declines of 0.1%. The broad-based advance was led by a 1.8% gain in the index for final demand transportation and warehousing services. Prices for final demand services less trade, transportation, and warehousing rose 0.3%, and the index for final demand trade services inched up 0.1%.

The index for final demand goods edged down 0.1 percent in September, the first decrease since a 0.5% decline in May 2017. Leading the September decline, prices for final demand energy fell 0.8%. The index for final demand foods decreased 0.6%. In contrast, prices for final demand goods less foods and energy rose 0.2%.

Written by
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