U.S. Producer Prices Fell 0.4% in October
Source: The Wall Street Journal.
The index measures prices from the perspective of the seller but generally tracks closely with other measures of inflation for consumers
By Jeffrey Sparshott And Kate Davidson
Jeffrey.Sparshott@wsj.com
@jeffsparshott
kate.davidson@wsj.com
@KateDavidson
Nov. 13, 2015 8:34 a.m. ET
WASHINGTON—A gauge of U.S. business prices fell in October, the latest sign of low inflation amid cheap gasoline and a strong dollar.
The producer-price index, which measures the prices companies receive for goods and services, decreased 0.4% in October, the Labor Department said Friday. Excluding the volatile food and energy categories, so-called core prices were down 0.3% from the prior month.
Economists surveyed by The Wall Street Journal had expected overall prices would rise 0.2% and core prices would rise 0.1%.
Overall producer prices decreased 1.6% in October from a year earlier, the 10th straight year-over-year decline and the biggest annual fall since the government started publishing the series in 2009. Core prices were up 0.4% from a year earlier.
Read more: http://www.wsj.com/articles/u-s-producer-prices-fell-0-4-in-october-1447421670
PPI for final demand decreases 0.4% in October; services decline 0.3%, goods fall 0.4%
Producer Price Index News Release
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PRODUCER PRICE INDEXES - OCTOBER 2015
The Producer Price Index for final demand decreased 0.4 percent in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved down 0.5 percent in September and were unchanged in August. On an unadjusted basis, the final demand index fell 1.6 percent for the 12 months ended in October, a record 12-month decline for this index, which was introduced in November 2009. (See table A.)
In October, 70 percent of the decrease in the final demand index can be traced to prices for final demand services, which moved down 0.3 percent. The index for final demand goods declined 0.4 percent.
Within intermediate demand, prices for processed goods fell 0.4 percent, the index for unprocessed goods was unchanged, and prices for services decreased 0.4 percent. (See tables B and C.)
Final Demand
Final demand services: The index for final demand services moved down 0.3 percent in October following a 0.4-percent decline in the prior month. Over 70 percent of the decrease in October can be traced to margins for final demand trade services, which dropped 0.7 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) The index for final demand services less trade, transportation, and warehousing edged down 0.1 percent. In contrast, prices for final demand transportation and warehousing services inched up 0.1 percent.
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The Producer Price Index for November 2015 is scheduled to be released on Friday, December 11, 2015 at 8:30 a.m. (EST).
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You know, if there is a tremendous Christmas buying season, with low inflation, wages slowly increasing it could create an economic boom that ultimately destroy the republican party in the upcoming election...Why?...Fear mongering proved false..but...........
that is in the future...and no one knows....but the ...shadow knows.....!!!!
(from an old radio show for those who don't know)....
