Seasonally-adjusted US PPI for final demand up 0.3% in Jan 2024

Final demand prices declined by 0.1 per cent in December last year and increased by 0.1 per cent in November. On an unadjusted basis, the index for final demand rose by 0.9 per cent for the 12 months ended January.

The index for final demand for goods decreased by 0.2 per cent in January, said a BLS release.

The index for final demand less food, energy and trade services rose by 0.6 per cent in the month—the largest advance since moving up by 0.6 per cent in January 2023.

For the 12 months ended January this year, prices for final demand less foods, energy, and trade services increased by 2.6 per cent.

The index for final demand for goods moved down by 0.2 per cent in January—the fourth consecutive decline. Most of the January decrease is attributable to a 1.7-per cent drop in prices for final demand energy.

Prices for final demand for goods less food and energy increased by 0.3 per cent in January.

Fibre2Fashion News Desk (DS)