PPI – November 2014

The Producer Price Index for final demand fell 0.2 percent in November, seasonally adjusted. This decrease followed a 0.2-percent rise in October and a 0.1-percent decline in September. On an unadjusted basis, the index for final demand advanced 1.4 percent for the 12 months ended in November, the smallest 12-month increase since a 1.2-percent rise in February 2014. (See table A.)

In November, the 0.2-percent decline in final demand prices can be traced to the index for final demand goods, which decreased 0.7 percent. In contrast, prices for final demand services advanced 0.1 percent. Within intermediate demand, prices for processed goods declined 1.0 percent, the index for unprocessed goods fell 1.3 percent, and prices for services moved up 0.3 percent. (See tables B and C.)

Table A. Monthly and 12-month percent changes in selected final demand price indexes, seasonally adjusted
Month Total
final
demand
Final demand goods Final demand services Change
in final
demand
from 12
months
ago
(unadj.)
Total Foods Energy Less
foods
and
energy
Total Trade Transportation
and
warehousing
Other

2013

Nov.

0.0 -0.1 -0.2 -0.6 0.1 0.0 0.2 -0.5 0.1 1.1

Dec.

0.0 0.4 -0.2 1.2 0.4 -0.2 -1.0 1.6 0.1 1.2

2014

Jan.

0.3 0.5 0.7 0.6 0.5 0.1 0.0 -0.9 0.2 1.3

Feb.

0.2 0.2 0.7 -0.3 0.2 0.3 0.6 -0.4 0.1 1.2

Mar.

0.3 0.1 1.3 -0.2 -0.1 0.4 0.6 0.4 0.3 1.6

Apr.

0.2 0.4 2.6 -0.2 0.2 0.0 -0.3 0.8 0.1 1.8

May

0.2 0.0 -0.3 0.0 0.1 0.3 0.8 0.5 0.0 2.1

June

0.2 0.5 -0.1 2.0 0.1 0.0 -0.5 0.5 0.2 1.8

July(1)

0.5 -0.1 0.0 -0.9 0.2 0.6 1.9 0.4 0.0 1.9

Aug.(1)

-0.3 -0.3 -0.4 -1.4 0.0 -0.1 -1.3 0.4 0.4 1.8

Sept.

-0.1 -0.2 -0.7 -0.7 0.2 -0.1 0.0 -0.2 -0.1 1.6

Oct.

0.2 -0.4 1.0 -3.0 -0.1 0.5 1.5 -0.1 0.1 1.5

Nov.

-0.2 -0.7 -0.2 -3.1 -0.1 0.1 0.1 -0.8 0.1 1.4

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for July 2014 have been revised to reflect the availability of late reports and corrections by respondents.

Source: US Department of Labor – Bureau of Labor Statistics

By | 2014-12-12T15:17:59+00:00 December 12th, 2014|Categories: Economics, Lagging|0 Comments

About the Author:

Bryan Sanford is Vice President and Investment Officer of Charter Trust Company. He joined the firm in 2009 and is based in our Concord NH office.

Mr. Sanford received his Bachelors of Science degree from the University of New Hampshire, Durham. Mr. Sanford has held the FINRA Series 7 license.

Prior to joining Charter Trust, Mr. Sanford served in the United States Marine Corps as an infantryman. He participated in Operation Iraqi Freedom, touring in Fallujah, Iraq.

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