December 2020 Producer Price Index — 2021-01-15

The Producer Price Index for final demand increased 0.3 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.1 percent in November and 0.3 percent in October. (See table A.) On an unadjusted basis, the final demand index moved up 0.8 percent in 2020, after increasing 1.4 percent in 2019. In December, the advance in the final demand index can be traced to a 1.1-percent increase in prices for final demand goods. Conversely, the index for final demand services edged down 0.1 percent. Prices for final demand less foods, energy, and trade services rose 0.4 percent in December, the eighth consecutive advance. In 2020, the index for final demand less foods, energy, and trade services moved up 1.1 percent, following a 1.5-percent increase in 2019. Final demand goods: The index for final demand goods advanced 1.1 percent in December, the largest increase since moving up 1.5 percent in May.