December PPI Summary

December PPI Summary

1. Final Demand Index Summary  
- The final demand producer price index (PPI) is +0.2% on a seasonally adjusted basis in December.  
- +0.4% in November and +0.2% in October.  
- On a non-adjusted basis, the total index for 2024 is +3.3%.  
- December's gains were attributed to a +0.6 percent increase in the final demand goods index.  
- The final demand service index remained unchanged.  

2. the goods sector  
- The final demand goods index is +0.6% in December.  
- The energy index led the overall gain, rising +3.5%.  
- The food index remained unchanged at -0.1% and the goods index excluding energy.  
- Gasoline prices rose +9.7%, acting as a major gainer.  
- Fresh vegetable prices fell -14.7%, a major drop factor.  

3. the service sector  
- The final demand service index remained unchanged in December.  
- The transport and logistics services index is +2.2%.  
- The trade services and other service indices were -0.2% and -0.1% respectively.  
- The passenger transport index is +7.2%.  
- The accommodation service index is -6.9%.  

4. Intermediate demand  
- The intermediate goods processed index is +0.3 percent in December.  
- The raw intermediate goods index rose +3.2%, its biggest gain since August 2022.  
- The index of processed energy commodities led the gains, rising +1.6%.  
- Natural gas prices jumped +57.7%, acting as a major gainer.  
- The carbon steel scrap index fell -11.7%, a major faller.  

5. Intermediate demand by stage of production  
- The median demand index for level 4 is +0.4%.  
- The median demand index for the third stage is +0.3%.  
- The median demand index for the second phase was the biggest gainer, rising +1.5%.  
- The median demand index for the first phase is +0.2%.  
- Higher retail commercial rents and gasoline prices were the main gainers.