Producer prices decrease again in November

The Producer Price Index for Finished Goods decreased 0.6 percent in November, seasonally adjusted. This decline followed a 1.6-percent drop in October and a 0.4-percent gain in September.

[Chart data—TXT]

Among finished goods in November, the index for finished energy goods fell 3.8 percent, following a 7.7-percent decrease in October. The index for finished consumer foods fell at a 0.8-percent pace in November, following a 0.4-percent rate of decline in October. The index for finished consumer goods other than foods and energy increased 0.3 percent in November, following a 0.4-percent decrease in the prior month.

For the first 11 months of 2001, the Producer Price Index for Finished Goods decreased at a 1.3-percent seasonally adjusted annual rate (SAAR), after rising 3.6 percent in 2000. Prices for finished goods other than foods and energy advanced at a 1.0-percent SAAR for the first 11 months of 2001, after posting a 1.3-percent gain for the previous calendar year.

From November 2000 to November 2001, finished goods prices decreased 1.1 percent.

These data are a product of the BLS Producer Price Index program. Find out more in the "Producer Price Indexes, November 2001", news release USDL 01-466. 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.