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The producer price index for final demand jumped 0.4% last month, the largest gain since June, after an upwardly revised 0.3% increase in October, the Labor Department's Bureau of Labor Statistics ...
April 11, 2024 at 9:52 AM. ... The year-over-year increase in core producer prices was the most since August. Economists see core inflation as a sign of where overall inflation may be headed.
Accessed December 9, 2024. Consumer Price Index Summary, U.S. Bureau of Labor and Statistics. Accessed December 12, 2024. Producer Price Index News Release summary, U.S. Bureau of Labor and ...
A producer price index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output. Formerly known as the wholesale price index between 1902 and 1978, the index is made up of over 16,000 establishments providing approximately 64,000 price quotations that the U.S. Bureau of Labor Statistics (BLS) compiles each month to represent thousands ...
The November increase is part of a 3% increase in the last year, which BLS pointed out is “the largest rise since moving up 4.7% for the 12 months ended February 2023.”
US producer price index 2005-2022. The Producer Price Index (PPI) is the official measure of producer prices in the economy of the United States. It measures average changes in prices received by domestic producers for their output. The PPI was known as the Wholesale Price Index, or WPI, up to 1978.
Following the release of the PPI data, economists raised their estimates for the October core PCE price index increase to a 0.28%-0.32% range. That was up from the 0.2%-0.26% band after the CPI ...
The wholesale price report comes a day after the government reported that consumer prices rose 2.7% in November from a year earlier, up from an annual gain of 2.6% in October. The increase, fueled ...