Producer Price Index Up 0.4% in September

The Producer Price Index for final demand increased 0.4 percent in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported this week, this after final demand prices declined 0.2 percent in August and 0.4 percent in July. On an unadjusted basis, the index for final demand advanced 8.5 percent for the 12 months ended in September.

According to NAM Chief Economist Chad Moutray, food and energy are responsible for the September increase. 10/13/2022