Producer Price Index (PPI) Graphic
The Bureau of Labor Statistics (BLS) said Thursday the Producer Price Index (PPI) bounced back strongly in September, meeting the median forecast. The Labor Department said a strong increase in demand for services and hurricane-related increases in energy prices fueled the 0.4% gain in final demand.
Final demand prices moved up 0.2% in August and ticked down 0.1% in July. On an unadjusted basis, the final demand index gained 2.6% for the 12 months ended in September, the largest rise since an advance of 2.8% for the 12 months ended February 2012.
Prices for final demand services rose 0.4% and and the index for final demand goods gained 0.7%.
Prices for final demand excluding foods, energy, and trade services increased 0.2% in September, unchanged from August. For the 12 months ended in September, the index for final demand less foods, energy, and trade services increased 2.1%.
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