Input Stories

The Producer Price Index for final demand (also known as wholesale prices) rose 0.3% over the month in September, after prices edged down 0.1% in August. Over the year, producer prices moved up 2.7% in September, unchanged from August. Meanwhile, prices for final demand excluding foods, energy and trade services increased 0.1% over the month in September after rising 0.3% in August. Prices for these goods advanced 2.9% from September 2024.

Within final demand, prices for services stayed the same in September after decreasing 0.3% in August. Meanwhile, prices for goods jumped 0.9%, the largest increase since February 2024. Within the final demand services index, prices for airline passenger services moved up 4.0%, while margins for machinery and equipment wholesaling fell 3.5%. Within the final demand goods index, prices for final demand energy climbed 3.5%, accounting for two-thirds of the September increase.

Processed goods for intermediate demand stepped up 0.4% in September, following a 0.4% increase in August. More than half of the September advance can be attributed to an 11.8% jump in the gasoline index. On the other hand, the index for industrial electric power declined 2.0%. Over the year, the index rose 3.8%, the largest 12-month increase since January 2023.

Meanwhile, prices for unprocessed goods for intermediate demand inched up 0.1% in September, after falling 1.8% in August. The small growth was led by a 1.9% increase in unprocessed foodstuffs and feedstuffs. At the same time, prices for unprocessed energy materials declined 3.0%. Over the year, prices for unprocessed goods for intermediate demand rose 3.5%, the largest 12-month gain since the 6.5% rise in March.