“The Producer Price Index for final demand declined 0.1 percent in August, seasonally adjusted,” the U.S. Bureau of Labor Statistics reported on Wednesday.
Key takeaways from the press release
- Final demand prices were unchanged in July and increased 0.3 percent in June.
- On an unadjusted basis, the final demand index rose 2.8 percent for the 12 months ended in August.
- The index for final demand less foods, energy, and trade services edged up 0.1 percent in August after advancing 0.3 percent in both July and June.
- For the 12 months ended in August, prices for final demand less foods, energy, and trade services rose 2.9 percent.
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