Seasonally-adjusted US PPI for final demand up 0.2% in Dec 2024

Final demand prices rose by 0.4 per cent in November and 0.2 per cent in October.

On an unadjusted basis, the index for final demand increased by 3.3 per cent last year after moving up by 1.1 per cent in 2023.

The index for final demand less food, energy and trade services edged up by 0.1 per cent in December, the same as in November. Prices for final demand less foods, energy, and trade services rose by 3.3 per cent last year after rising by 2.7 per cent in 2023.

The December increase in prices for final demand for goods is attributed to a 3.5-per cent jump in the index for final demand energy, a BLS release said.

Within intermediate demand in December, the index for processed goods increased by 0.3 per cent.

Prices for processed goods for intermediate demand rose by 0.3 per cent in December following no change in November.

Prices for unprocessed goods for intermediate demand moved up by 3.2 per cent in December, the largest advance since rising 4.6 per cent in August 2022.

ALCHEMPro News Desk (DS)