by Calculated Risk on 10/12/2012 08:30:00 AM
Friday, October 12, 2012
BLS: Producer Prices increased 1.1% in September
The Producer Price Index for finished goods rose 1.1 percent in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods advanced 1.7 percent in August and moved up 0.3 percent in July. At the earlier stages of processing, prices received by manufacturers of intermediate goods rose 1.5 percent in September, and the crude goods index advanced 2.8 percent. On an unadjusted basis, prices for finished goods climbed 2.1 percent for the 12 months ended September 2012, the largest rise since a 2.8-percent increase for the 12 months ended March 2012.The PPI is very volatile and is impacted by energy prices. Note the core PPI was unchanged. CPI will be released next Tuesday.
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Finished energy: Prices for finished energy goods advanced 4.7 percent in September after rising 6.4 percent in August. A 9.8-percent jump in the gasoline index accounted for over eighty percent of the September increase. Advances in the indexes for diesel fuel and residential natural gas also contributed to the rise in finished energy goods prices.
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Finished core: Prices for finished goods less foods and energy were unchanged in September after rising 0.2 percent a month earlier.