Inflation at the producer level continued to decline in December on lower energy costs. The PPI for total final demand fell 0.3 percent, following a decline of 0.2 percent in November. Excluding food and energy, producer price inflation firmed 0.3 percent, following no change in November.
The index for final demand goods dropped 1.2 percent after falling 0.7 percent in November, the sixth consecutive decrease. The December decline was led by prices for final demand energy, which fell a monthly 6.6 percent. The index for final demand goods less foods and energy rebounded 0.2 percent, following a dip of 0.1 percent in November. Prices for final demand foods declined 0.4 percent after decreasing 0.2 percent in November.
The index for final demand services advanced 0.2 percent in December after inching up 0.1 percent in the prior month. In November, prices for final demand services less trade firmed to 0.2 percent after rising 0.1 percent in November.
On a seasonally adjusted year-ago basis, PPI final demand was up 1.1 percent, compared to 1.4 percent in November. Excluding food & energy, PPI final demand was up 2.1 percent versus 1.7 percent the month before.
|PPI-FD – M/M change||-0.2 %||-0.3 %|
|PPI-FD – Y/Y change||1.4 %||1.1 %|
|PPI-FD less food & energy – M/M change||0.0 %||0.3 %|
|PPI-FD less food & energy – Y/Y change||1.7 %||2.1 %|
|PPI-FD less food, energy & trade services – M/M change||0.0 %||0.1 %|
|PPI-FD less food, energy & trade services – Y/Y change||1.6 %||1.4 %|
|PPI-FD Goods – M/M change||-0.7 %||-1.2 %|
|PPI-FD Goods – Y/Y change||0.4 %||-1.2 %|
|PPI-FD Services – M/M change||0.1 %||0.2 %|
|PPI-FD Services – Y/Y change||1.9 %||2.2 %|