The Producer Price Index (PPI) for final demand fell 0.1% in December, seasonally adjusted, as the U.S. Bureau of Labor Statistics reported. Final demand prices moved down 0.1% in November and 0.4% in October. On an unadjusted basis, the index for final demand rose 1.0% in 2023 after increasing 6.4% in 2022.
The December decrease in the index for final demand is attributable to a 0.4-% drop in prices for final demand goods. The index for final demand services was unchanged.
The index for final demand less foods, energy, and trade services rose 0.2% in December after edging up 0.1% in both November and October. Prices for final demand less foods, energy, and trade services climbed 2.5% in 2023 following a 4.7-% increase in 2022.
