December 2014 Producer Price Index — 2015-01-15

The Producer Price Index for final demand fell 0.3 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices decreased 0.2 percent in November and advanced 0.2 percent in October. On an unadjusted basis, the index for final demand increased 1.1 percent in 2014 after rising 1.2 percent in 2013. (See table A.) In December, the 0.3-percent decline in the final demand index can be traced to a 1.2-percent drop in prices for final demand goods. In contrast, the index for final demand services moved up 0.2 percent. Within intermediate demand, prices for processed goods fell 1.7 percent, the index for unprocessed goods moved down 5.0 percent, and prices for services were 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.