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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 ...
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 ...
The producer price index for final demand rose 0.2% last month after an upwardly revised 0.1% gain in September, the Labor Department's Bureau of Labor Statistics said. The increase in the PPI was ...
An index level of 110, for example, means there has been a 10% increase in prices since the base period; similarly, an index level of 90 indicates a 10% decrease in prices. To calculate the percent change in prices between some previous period and a more current period using a PPI, the BLS uses the following formula:
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 ...
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 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.”
The Labor Department said Thursday that its producer price index — which measures inflationary pressure before it reaches consumers — rose 2.1% last month from March 2023 , biggest year-over ...