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Producer Price Index Fans Inflation Fears Increasing at and Annualized Rate of 6.2%

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the staff of the Ridgewood blog

Ridgewood NJ, the Producer Price Index (PPI) for final demand increased 0.6 percent in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.5 percent in September and 0.7 percent in August. (See table A.) On an unadjusted basis, the final demand index rose 8.6 percent for the 12 months ended in October.

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