December 19, 2011 (The Editor’s Desk is updated each business day.)
Producer prices in November 2011
The Producer Price Index for finished goods advanced 0.3 percent in November, seasonally adjusted. Finished goods prices fell 0.3 percent in October and moved up 0.8 percent in September.
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The index for finished consumer foods jumped 1.0 percent in November, the sixth consecutive monthly increase. Over half of the November advance can be attributed to the index for fresh and dry vegetables, which rose 11.5 percent.
The index for finished goods less foods and energy advanced 0.1 percent in November after no change a month earlier. Leading this rise, the index for pharmaceutical preparations jumped 0.9 percent.
The index for finished energy goods edged up 0.1 percent in November after declining 1.4 percent in the prior month. Leading this increase was a 9.4-percent advance in home heating oil prices.
These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — November 2011" (HTML) (PDF), news release USDL-11-1747. 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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