U.S. producer prices rise 0.3% in October as underlying pipeline inflation firms
U.S. producer prices rose 0.3% in October after a 1.4% increase in September, while underlying final-demand prices rose 0.5% month on month.
Prices received by U.S. producers for final demand increased 0.3% in October on a seasonally adjusted basis, the Bureau of Labor Statistics reported on Nov. 13. The increase followed a 1.4% rise in September and a 0.4% advance in August.
The index for final-demand goods rose 0.5% in October, while final-demand services increased 0.2%. More than 60% of the goods advance came from goods excluding food and energy; food prices rose 1.3%, while energy prices edged down 0.1%.
The BLS measure for final demand less foods, energy and trade services increased 0.5% in October, matching September's increase. It was up 4.9% from a year earlier. Final-demand services excluding trade, transportation and warehousing also rose 0.2%.
Transportation and warehousing services were a notable driver: the category rose 2.0%, with truck transportation of freight up 3.9%. The 12-month final-demand increase of 6.5% was the largest since November 2022, according to the BLS.
Final demand
+0.3%
↑ October m/m
Final demand, 12 months
+6.5%
↑ through October
Core measure
+0.5%
↑ October m/m
Services
+0.2%
↑ October m/m
Sources
This story describes figures the company has published. It is for information only and is not investment advice or a recommendation to buy, sell or hold any security. Check the original filings before relying on any figure. Stoqly is not affiliated with the SEC.
