The Producer Price Index for final demand was unchanged in November 2023, seasonally adjusted, as the U.S. Bureau of Labor Statistics reported.
Final demand prices decreased 0.4% in October and rose 0.4% in September. On an unadjusted basis, the index for final demand increased 0.9% for the 12 months ended in November.
In November, the indexes for both final demand goods and for final demand services were unchanged.
The index for final demand less foods, energy, and trade services edged up 0.1% in November, the sixth consecutive advance. For the 12 months ended in November, prices for final demand less foods, energy, and trade services rose 2.5%.
Within final demand goods in November, prices for chicken eggs jumped 58.8%. The indexes for fresh fruits and melons, utility natural gas, electric power, and carbon steel scrap also moved higher. In contrast, prices for gasoline fell 4.1%. The indexes for processed poultry, industrial chemicals, jet fuel, and liquefied petroleum gas also moved lower.
