Services Prices Trending Lower
- The PPI for final demand fell 0.2 percent in November, reversing last month’s increase. Prices for goods led the index lower, with a drop not only in energy but also food and core goods. Core goods prices are now down two straight months.
- Services prices ticked up 0.1 percent. With energy costs falling, price growth for transportation services is moderating, while core services prices are decelerating.
Pipeline Pressures Easing
- Excluding trade services, which are measured by margins instead of selling prices, prices fell 0.3 percent. Ex-food, energy and trade services, price growth is slowing on a year-ago basis.
- Price pressures remain modest back in the pipeline. Processed goods fell for the second month in a row, with declines in food, energy and core components. Unprocessed goods prices are also declining, with core raw materials now lower than a year ago
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