US: PPI for final demand increased 0.4% in November
"The Producer Price Index for final demand increased 0.4 percent in November, seasonally adjusted," the U.S. Bureau of Labor Statistics announced on Tuesday.
Key takeaways
Final demand prices also moved up 0.4 percent in both October and September.
On an unadjusted basis, the final demand index rose 3.1 percent for the 12 months ended in November, the largest advance since a 3.1-percent increase for the 12 months ended January 2012.
The index for final demand less foods, energy, and trade services rose 0.4 percent in November, the largest advance since increasing 0.6 percent in April.
For the 12 months ended in November, prices for final demand less foods, energy, and trade services moved up 2.4 percent.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
