HOUSTON, Dec. 11 (Xinhua) -- U.S. Producer Price Index (PPI) for final demand increased by 0.1 percent in November, seasonally adjusted, the U.S. Department of Labor reported on Tuesday.
Final demand prices advanced 0.6 percent in October and 0.2 percent in September. On an unadjusted basis, the final demand index moved up 2.5 percent for the 12 months ending in November.
In November, the rise in the final demand index can be traced to a 0.3-percent increase in prices for final demand services. Most of the November advance in prices for final demand services can be traced to margins for fuels and lubricants retailing, which jumped 25.9 percent.
The index for final demand goods moved down 0.4 percent in November, the largest decrease since falling 0.5 percent in May 2017. The November decline was the result of a 5.0-percent drop in the index for final demand energy.
Prices for final demand goods less foods and energy climbed 0.3 percent, and the index for final demand foods advanced 1.3 percent.
Leading the November decrease in the index for final demand goods, gasoline prices dropped 14.0 percent. The indexes for liquefied petroleum gas, electric power, fresh fruits and melons, jet fuel, and primary basic organic chemicals also moved down.
The index for processed goods for intermediate demand moved down 0.7 percent in November, the largest decline since falling 0.9 percent in February 2016. Over 75 percent of the November decrease can be traced to prices for processed energy goods, which declined 2.5 percent.
The index for unprocessed goods for intermediate demand moved down 5.3 percent in November, the largest decrease since a 9.7-percent drop in January 2015. Leading the November decrease in the index for unprocessed goods for intermediate demand, crude petroleum prices fell 29.5 percent. Enditem
