The 2020 Mid-Year Economic Update_long

Producer Price Index Down 0.2% in December

Decline in demand can be traced to prices for final demand goods.

The Producer Price Index for final demand decreased 0.2 percent in December, seasonally adjusted, according to the U.S. Bureau of Labor Statistics. On an unadjusted basis, the final demand index fell 1 percent in 2015.

The December decline in the final demand index can be traced to prices for final demand goods, which fell 3.4 percent. In contrast, the index for final demand services moved up 0.1 percent.

Within intermediate demand, the index for processed goods fell 1 percent, prices for unprocessed goods dropped 3 percent, and the index for services rose 0.2 percent.

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