Seasonally-adjusted US PPI for final demand falls by 0.1% in Dec 2023

Seasonally-adjusted US producer price index (PPI) for final demand fell by 0.1 per cent in December last year, according to the Bureau of Labour Statistics. Final demand prices moved down by 0.1 per cent in November and by 0.4 per cent in October last year.

On an unadjusted basis, the index for final demand rose 1 per cent last year after rising by 6.4 per cent in 2022.

The December decrease was attributed to a 0.4-per cent drop in prices for final demand for goods. The index for final demand services remained unchanged.

The index for final demand less foods, energy, and trade services rose by 0.2 per cent in December after edging up by 0.1 per cent in both November and October.

Prices for final demand less foods, energy, and trade services climbed by 2.5 per cent last year following a 4.7-per cent rise in 2022.

The index for final demand for goods fell by 0.4 per cent in December, the third consecutive decline. In December, nearly 60 per cent of the decrease could be traced to a 1.2-per cent drop in prices for final demand for energy.