The US Producer Price Index climbed by 0.8 per cent in November, as American goods and services producers demanded higher prices.

Final demand prices increased by 0.6 per cent in each of the three prior months. There was a 9.6 per cent increase in prices for final demand. Prices for final demand less foods, energy, and trade services climbed 0.7 per cent in the month of November after increasing 0.2 per cent in October.

For the 12 months ended in November, the index for final demand less foods, energy, and trade services rose 6.9 per cent. In November, prices for final demand services increased by 0.7 per cent, marking the 11th consecutive increase.

The index for final demand services less trade, transportation, and warehousing rose 0.6 per cent. The index for final demand trade services gained 0.6 per cent in November.

Final demand transportation and warehousing services saw a 1.9 per cent increase in price. Following a 1.3 per cent increase in October, the final demand goods index increased by 1.2 per cent in November.

Prices for final demand goods less foods and energy climbed 0.8 per cent, the index for final demand energy increased 2.6 per cent, and prices for final demand foods moved up 1.2 per cent.