US: PPI for final demand rises 0.4% in October

"The Producer Price Index for final demand increased 0.4 percent in October, seasonally adjusted," the U.S. Bureau of Labor Statistics announced on Tuesday.

Key highlights

Final demand prices advanced 0.4 percent in September and 0.2 percent in August.

On an unadjusted basis, the final demand index increased 2.8 percent for the 12 months ended in October, the largest rise since an advance of 2.8 percent for the 12 months ended February 2012.

Within final demand in October, prices for final demand services rose 0.5 percent, and the index for final demand goods moved up 0.3 percent.

Prices for final demand less foods, energy, and trade services rose 0.2 percent in October.

For the 12 months ended in October, the index for final demand less foods, energy, and trade services advanced 2.3 percent.