PPI Increases 0.5% in September - Modern Distribution Management

Log In

PPI Increases 0.5% in September

More than 40% of the September increase in prices for final demand goods can be traced to a 5.4% rise in the index for gasoline.
Aerial top view oil and gas chemical tank with oil refinery plant background at twilight.
Author
Date

Thanks to increases in prices for food and gasoline, the Producer Price Index for final demand increased 0.5% in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported Oct. 11.

Final demand prices rose 0.7% in August and 0.6% in July. On an unadjusted basis, the index for final demand advanced 2.2% for the 12 months ended in September, the largest increase since moving up 2.3% for the 12 months ended in April, the bureau reported.

Leading the increase in the final demand index in September, prices for final demand goods rose 0.9%. The index for final demand services advanced 0.3%. Prices for final demand less foods, energy and trade services increased 0.2% in September, the fourth consecutive advance.

For the 12 months ended in September, the index for final demand less foods, energy and trade services moved up 2.8%.

Economists polled by news outlet Reuters had expected the PPI would gain 0.3%.

The price of wholesale goods jumped 0.9%, with a 3.3% rise in the cost of energy products accounting for nearly three-fourths of the increase, Reuters reported. The price of gasoline increased 5.4%, making up more than 40% of the increase in the cost of goods.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.