If you've been in the middle of a construction project, you might have noticed that some things seemed slightly cheaper. Depending on exactly which government Producer Price Index (PPI) numbers you looked at, they were.
Overall, the Producer Price Index for final demand—meaning average change in price for domestic producers of goods—increased by 0.4% in September, seasonally adjusted. That comes after declines of 0.2% in August and 0.4% in July, according to the Bureau of Labor Statistics.
"In September, two-thirds of the increase in the index for final demand can be traced to a 0.4-percent rise in prices for final demand services," the report said. "The index for final demand goods also advanced 0.4 percent." That was a month-over-month change. The unadjusted 12-month change was 8.5%.
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