December 14, 2007
The Producer Price Index for Finished Goods rose 3.2 percent in November, seasonally adjusted. This gain followed increases of 0.1 percent in October and 1.1 percent in September.
The acceleration in the finished goods index was led by prices for energy goods, which surged 14.1 percent in November following a 0.8-percent decrease in October.
Prices for finished goods excluding foods and energy rose 0.4 percent subsequent to no change in the preceding month. By contrast, partially offsetting the acceleration in the finished goods index, prices for finished consumer foods were unchanged compared with a 1.0-percent increase a month earlier.
From November 2006 to November 2007, prices for finished goods rose 7.2 percent, as shown in the chart.
These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — November 2007" (PDF) (TXT), news release USDL 07-1885. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, PPI in November 2007 on the Internet at http://www.bls.gov/opub/ted/2007/dec/wk2/art05.htm (visited May 03, 2016).
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