December 2024 Producer Price Index — 2025-01-14

The Producer Price Index for final demand advanced 0.2 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.4 percent in November and 0.2 percent in October. (See table A.) On an unadjusted basis, the index for final demand increased 3.3 percent in 2024 after moving up 1.1 percent in 2023. The December rise in prices for final demand can be traced to a 0.6-percent advance in the index for final demand goods. Prices for final demand services were unchanged. The index for final demand less foods, energy, and trade services edged up 0.1 percent in December, the same as in November. Prices for final demand less foods, energy, and trade services rose 3.3 percent in 2024 after advancing 2.7 percent in 2023. Final demand goods: The index for final demand goods rose 0.6 percent in December, the third consecutive advance.