U.S. Wholesale Inflation Flatlined in November - Modern Distribution Management

U.S. Wholesale Inflation Flatlined in November

Core PPI edged up for a sixth straight month, while overall wholesale inflation continued its deceleration.
warehouse worker driver in uniform delivery and loading cardboxes by forklift stacker loader

U.S. wholesale prices continued their disinflation run in November, with the Labor Department’s latest Producer Price Index showing that key indexes that measure inflation before it reaches consumers trended closer toward breakeven.

Released Dec. 13, the department’s Bureau of Labor Statistics November Producer Prices Indexes report showed that the index for final demand was unchanged in November month-to-month, after increasing 0.4% in both October and September. 

Meanwhile, November’s final demand index increased 0.9% year-over-year, a continued deceleration from October’s 1.2%, September’s 2.0% and August’s 1.9%.

For context, November 2022’s final demand index was up 7.4% year-over-year. 

CPI: November Consumer Inflation Slowed to 3.1% Annual Gain (Dec. 12)

In November 2023, the indexes for both final demand goods and final demand services were unchanged from October.

Core PPI — which removes foods, energy and trade services — edged up 0.1% in November month-to-month for its sixth consecutive increase. That follows advances of 0.1% in October, 0.3% in September and 0.2% in August. Year-over-year, core PPI rose 2.5% in November, decelerating from 2.8% in October, 2.9% in September and 2.9% in August.

For much more monthly wholesale information, check out Executive Editor Mike Hockett’s Dec. 11 Premium article recapping the U.S. Census Bureau’s latest wholesale trade report data.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.