According to the latest Producer Price Index Report (PPI) issued by the US Labor Department, flat glass prices rose 0.5% from October to November – their first increase since August. Meanwhile, export prices for glass and glassware didn’t change in November following a 0.2% decrease in October.
In November, flat glass prices saw their first increase since August. According to the latest Producer Price Index Report (PPI) issued by the US Labor Department, flat glass prices rose 0.5% from October to November after seeing a 0.9% decrease over the prior two months.
The PPI program measures the average change over time in the selling prices received by domestic producers for their output, according to the US Bureau of Labor Statistics (BLS). The prices included in the PPI are from the first commercial transaction for many products and some services.
The latest increase continues the trend that flat glass prices have seen for most of the year, as they’ve decreased on a month-to-month basis just three times since January. The flat glass index sits at 121.0.
The latest bump in prices puts them up 1.7% since November of 2013.
In another report, import prices for glass and glassware increased 0.3% in November after a 0.1% bump in October. Import prices remained stagnant in September, saw a slight 0.1% increase in August and are up 0.1% from last November.
Meanwhile, export prices for glass and glassware didn’t change in November following a 0.2% decrease in October. Export prices were stagnant month-over-month in September and dropped just 0.1% in August. Export prices for glass and glassware are up 0.9% from this time last year.
Prices of materials for construction remained flat in November following an increase of 0.3% in October and a 0.2% jump in September. Prices in that category are up 3.2% from November 2013. Final demand for construction was stagnant after seeing a 0.5% spike in October. Those prices are up 2.2% from a year ago.
On the whole, the PPI for final demand fell 0.2% in November, seasonally adjusted, after a 0.2% dip in October and a slight 0.1% drop in September. On an unadjusted basis, the index for final demand increased 1.4% for the 12 months ended in November.
Overall prices for US imports decreased 1.5% in November after a 1.3% drop in October and a 1.4% drop over the three months prior. Export prices declined 1.0% in November after seeing a 0.9% decrease the month before.