U.S. Producer Price Index Remains Unchanged in November
Goods and Services Indexes Show No Change
The U.S. Bureau of Labor Statistics reported that the Producer Price Index (PPI) for final demand remained unchanged in November, following a decrease of 0.4 percent in October and a rise of 0.4 percent in September. This stability reflects a balanced change in prices for both goods and services. On an unadjusted basis, the index for final demand showed a 0.9 percent increase over the 12 months ending in November.
The indexes for final demand goods and final demand services both recorded no change in November, a BLS press release said.
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The stability in final demand goods came after a significant 1.4 percent drop in October. Notably, a decrease in the index for final demand energy was offset by increases in final demand foods and goods less foods and energy. Specifically, within the final demand goods, notable price jumps were seen in chicken eggs, which surged 58.8 percent, and other products like fresh fruits and melons, and utility natural gas also saw price increases. Conversely, gasoline prices fell by 4.1 percent.
