Friday, January 13, 2017

Producer Prices Increased 0.3% in December

Producer prices rose 0.3% in December, seasonally adjusted, after climbing 0.4% in November, according to the U.S. Bureau of Labor Statistics. Producer prices rose 1.6% in 2016, after declining 1.1% in 2015.
The index for final demand goods rose 0.7% in December, the largest jump since June. The increase was led by a 2.6% rise in the index for final demand energy. There was a smaller 0.3% increase in the index for final demand goods less food and energy.

Prices for final demand services ticked up 0.1% in December, after rising 0.5% in November. Much of the advance was due to the index for final demand services less trade, transportation, and warehousing, which increased by 0.2%.

Read the BLS release.
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