The Producer Price Index for final demand was unchanged in October, seasonally adjusted, according to the U.S. Bureau of Labor Statistics. Final demand prices rose 0.3 in September and were unchanged in August. On an unadjusted basis, the final demand index increased 0.8 percent for the 12 months ended in October, the largest 12-month rise since advancing 0.9 percent in December 2014.
In October, a 0.4-percent increase in the index for final demand goods offset a 0.3-percent decline in prices for final demand services. Prices for final demand less foods, energy, and trade services edged down 0.1 percent in October after rising 0.3 percent in both August and September. For the 12 months ended in October, the index for final demand less foods, energy, and trade services advanced 1.6 percent, the largest increase since climbing 1.7 percent for the 12 months ended September 2014.
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