By Tom Burnett CFA
On November 9, 2021, the Bureau of Labor Statistics announced the PPI figures for the month of October. The PPI final demand Index rose by 0.6% in October, after an increase of 0.5% in September. The final demand index rose 8.6% in the 12 months ending in October. The main culprit was the index of goods which rose 1.2% in October, while the services index rose just 0.2%. The final demand for construction rose 6.6% in the month of October.
The Core rate, excluding food and energy, rose 0.5% in October, following an increase of just 0.1% in September. For the 12 months ending October, the Core rate rose 6.2%.
The next PPI report will be released on December 14, 2021.