Free Markets, Free People

Economic Statistics for 12 Dec 14

Producer Prices for Final Demand fell -0.2% in November, while prices less food and gas were unchanged. Goods prices fell -0.7% while prices for services rose 0.1%. PPI-FD less food, energy & trade services was also unchanged. The decline in goods prices was led mainly by falling energy prices. On a year-over-year basis, the PPI-FD rose 1.4%, while prices less food and energy rose 1.7% and prices less food, energy & trade services rose 1.6%. Goods prices are up 0.4% and services prices rose 1.9%.

The Reuters/University of Michigan’s consumer sentiment index jumped a full 5 points to 93.8 in December.

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