February 2023 Producer Price Index — 2023-03-15

The Producer Price Index for Final Demand decreased 0.1 percent in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.3 percent in January and declined 0.2 percent in December 2022. (See table A.) On an unadjusted basis, the final demand index rose 4.6 percent for the 12 months ended in February. In February, the decline in the final demand index was led by prices for final demand goods, which fell 0.2 percent. The index for final demand services edged down 0.1 percent. The index for final demand less foods, energy, and trade services increased 0.2 percent in February after rising 0.5 percent in January. For the 12 months ended in February, prices for final demand less foods, energy, and trade services advanced 4.4 percent. Final demand goods: The index for final demand goods fell 0.2 percent in February following a 1.2- percent advance in January.