December 18, 2009 (The Editor’s Desk is updated each business day.)
PPI in November 2009
On an unadjusted basis, prices for finished goods moved up 2.4 percent for the 12 months ended November 2009, their first 12-month increase since November 2008.
[Chart data]
Over the month, the Producer Price Index for Finished Goods rose 1.8 percent in November, following a 0.3-percent advance in October and a 0.6-percent decrease in September.
About three-fourths of the November advance in the finished goods index can be traced to higher prices for energy goods, which jumped 6.9 percent. The indexes for finished goods less foods and energy and for finished consumer foods also contributed to the finished goods increase, both rising 0.5 percent.
These data are from the BLS Producer Price Index program. To learn more, see “Producer Price Indexes—November 2009” (HTML) (PDF), news release USDL 09-1531. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.
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