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The Producer Price Index for final demand rose 0.3 percent in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in August and declined 0.4 percent in July. On an unadjusted basis, the final demand index increased 0.7 percent for the 12 months ended in September, the largest 12-month rise since advancing 0.9 percent in December 2014.
In September, over three-quarters of the advance in final demand prices can be traced to a 0.7 percent increase in the final demand goods index. Prices for final demand services inched up 0.1 percent.
The index for final demand less foods, energy, and trade services moved up 0.3 percent in September, the same as in August. For the 12 months ended in September, prices for final demand less foods, energy, and trade services rose 1.5 percent, the largest increase since climbing 1.5 percent for the 12 months ended November 2014.
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