Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Producer Price Index for Finished Goods Falls 0.8%

The Department of Labor's Bureau of Labor Statistics released its November update on the Producer Price Index this morning [link opens in PDF]. Seasonally adjusted finished goods costs declined for the second straight month, falling 0.8% in November after a 0.2% decline in October.

A BLS chart depicts a continuing trend of slowing growth in price inflation. The PPI was up 1.7% month-to-month in August, then up only 1.1% in September. After that, the index descended into the negative territory we're in today, with October's small decline followed by a bigger decline in November.

BLS attributes the falling costs to declines in the prices for "finished energy goods" -- down 4.6% in November, the largest decline
since a 4.6% decrease in March 2009. As for other elements considered in the survey, their prices appear to be going up, with finished consumer foods and other finished goods both rising in the month -- up 1.3% and 0.1%, respectively.

The Producer Price Index for intermediate materials, supplies, and components dropped 1.2% in November, the largest decline since falling 1.5% in March 2009. The Producer Price Index for crude materials for further processing inched up 0.1% in November.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2153095, ~/Articles/ArticleHandler.aspx, 10/22/2016 4:02:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 18 hours ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes