The Bureau of Labor Statistics on Tuesday released a delayed report on the producer price index (PPI) for September. The report initially was scheduled for release in early October but was delayed because of the government shutdown.
The report found prices rising in all four supply-chain stages, including goods inputs rising in three of the four stages.
Overall, the PPI—a measure of what producers get for final demand goods and services—rose 0.3% in September from the previous month. Year-over-year, the PPI rose 2.7%.
Goods prices rose 0.9% in September from the previous month, the largest monthly increase since February 2024.
Stage 4 goods inputs, measuring the products purchased by industries primarily producing output sold to final demand—such as RV manufacturers—rose 0.5% in September after a 0.4% increase in August. Stage 4 goods inputs have risen each month since March, when they were flat from the previous month. Overall, Stage 4 intermediate demand rose 3% year-over-year, the largest year-over-year increase since March 2023.
Goods inputs for Stage 3 intermediate demand, measuring suppliers to Stage 4 producers such as RV manufacturers, rose 0.4% in September after increasing 0.1% in August. Overall, year-over-year Stage 3 demand rose 2.4% in September, the largest year-over-year increase since January.
Goods inputs for Stage 2 intermediate demand, measuring suppliers to Stage 3 suppliers, fell 0.5% in September after a revised 1.4% decline in August. Overall, year-over-year Stage 2 intermediate demand rose 1.3% in September, the largest increase since March.
Finally, goods inputs for Stage 1 demand rose 0.6% in September after a 0.2% increase in August. Overall, Stage 1 intermediate demand rose 3.1% in September, the largest year-over-year increase since February 2023.
