November 2010 Producer Price Index — 2010-12-14

The Producer Price Index for Finished Goods rose 0.8 percent in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This increase followed a 0.4-percent advance in both October and September. At the earlier stages of processing, prices received by manufacturers of intermediate goods climbed 1.1 percent in November, and the crude goods index moved up 0.6 percent. On an unadjusted basis, prices for finished goods rose 3.5 percent for the 12 months ended November 2010, their smallest 12-month increase since a 3.1-percent advance in August. (See table A.) About two-thirds of the November advance in the finished goods index can be traced to prices for energy goods, which rose 2.1 percent. Also contributing to the broad-based November increase in the finished goods index, prices for consumer foods and for goods other than foods and energy advanced 1.0 percent and 0.3 percent, respectively.