Seasonally-adjusted US PPI for final demand rises by 0.5% in Sept: BLS

Final demand prices rose by 0.7 per cent in August and 0.6 per cent in July.

On an unadjusted basis, the index for final demand advanced by 2.2 per cent for the 12 months ended in September—the largest increase since moving up by 2.3 per cent for the 12 months ended in April.

Leading the increase in the final demand index in September, prices for final demand for goods rose by 0.9 per cent.

Prices for final demand less foods, energy, and trade services increased by 0.2 per cent in September, the fourth consecutive advance, said a BLS release. For the 12 months ended in September, the index for final demand less foods, energy, and trade services moved up by 2.8 per cent.

The index for final demand for goods moved up by 0.9 per cent in September, the third consecutive increase.

Nearly three-quarters of the broad-based September advance is attributable to a 3.3-per cent rise in prices for final demand energy. The indexes for final demand for goods less foods and energy moved up by 0.1 per cent.

Over 40 per cent of the September increase in prices for final demand for goods can be traced to a 5.4-per cent rise in the index for gasoline.

ALCHEMPro News Desk (DS)