PPI - Dec. 2024 release with Nov. 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 rose 0.4 percent in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices increased 0.3 percent in October and 0.2 percent in September. (See table A.) On an unadjusted basis, the index for final demand advanced 3.0 percent for the 12 months ended in November, the largest rise since moving up 4.7 percent for the 12 months ended February 2023.

In November, nearly 60 percent of the broad-based rise in final demand prices can be attributed to a 0.7-percent increase in the index for final demand goods. Prices for final demand services moved up 0.2 percent.  

As for the report card, it indicates inflationary pressures currently exist, with upward pressure into the future.

While the forecasts are not screaming rampant inflation, we should consider that we are currently at historical low points of monthly inflation... meaning the rate will pick up in the coming year, without the pending threat of tariffs.

[While I will continue to track the PPI for personal reasons, I will discontinue publications of PPI going forward]