November 2024 Producer Price Index — 2024-12-12

The Producer Price Index for final demand rose 0.4 percent in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices increased 0.3 percent in October and 0.2 percent in September. (See table A.) On an unadjusted basis, the index for final demand advanced 3.0 percent for the 12 months ended in November, the largest rise since moving up 4.7 percent for the 12 months ended February 2023. In November, nearly 60 percent of the broad-based rise in final demand prices can be attributed to a 0.7-percent increase in the index for final demand goods. Prices for final demand services moved up 0.2 percent. The index for final demand less foods, energy, and trade services inched up 0.1 percent in November after rising 0.3 percent in October. For the 12 months ended in November, prices for final demand less foods, energy, and trade services advanced 3.5 percent.