PPI November 2024 release with October 2024 Data

The BLS has released the November 2024 Producer Price Index Report for the month of October. (historical releases)

The Producer Price Index for final demand increased 0.2 percent in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.1 percent in September and 0.2 percent in August. (See table A.) On an unadjusted basis, the index for final demand moved up 2.4 percent for the 12 months ended in October.

In October, most of the rise in final demand prices can be traced to a 0.3-percent advance in the index for final demand services. Prices for final demand goods inched up 0.1 percent.

The index for final demand less foods, energy, and trade services increased 0.3 percent in October after moving up 0.1 percent in September. For the 12 months ended in October, prices for final demand less foods, energy, and trade services rose 3.5 percent

 

Note that June through September numbers, were revised upward. Primarily June, which was originally posted at 0.2%, but now at 0.4%.

The data is starting to show pink again, and with the seasonal changes expected in energy... not so optimistic on going forward, imho.