January 2014 Producer Price Index — 2014-02-19

The Producer Price Index for final demand increased 0.2 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This advance followed a 0.1- percent rise in December and no change in November. On an unadjusted basis, the index for final demand moved up 1.2 percent for the 12 months ended in January, the largest 12-month advance since a 1.2-percent increase in October 2013. (See table A.) In January, the 0.2-percent advance in prices for final demand can be primarily traced to the index for final demand goods, which rose 0.4 percent. Prices for final demand services inched up 0.1 percent. Within intermediate demand, the index for processed goods increased 0.6 percent in January, prices for unprocessed goods moved up 0.9 percent, and the index for services was unchanged. (See tables B and C.) (Final demand includes goods, services, and construction which are sold for personal consumption, capital investment, government purchases, and export.