US Producer Price Index for final demand rises by 0.5% in Sept
The PPI increase was 0.7% in August and 0.6% in July
By News Desk
Published - Oct 11, 2023, 01:05 PM ET
Last Updated - Oct 11, 2023, 02:11 PM EDT
The Producer Price Index (PPI) for final demand in the United States rose by 0.5 percent in September against a 0.7 percent rise in August and a 0.6 percent increase in July.
On an unadjusted basis, the index for final demand rose 2.2 percent for the 12 months ended in September, according to a press release from the Bureau of Labor Statistics. This is the largest increase after 2.3 percent increase for the 12 months ended in April.
The prices for final demand goods led the increases in the final demand index in September, rising by 0.9 percent. The index for final demand services advanced 0.3 percent.
