Producer Prices Grew 0.2% in August

Producer prices increased 0.2% in August, seasonally adjusted, after declining 0.1% in July, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.4% for the twelve months ended August 2017.

The index for final demand goods advanced 0.5% in August, the largest increase since April. The index for final demand energy led the way, climbing 3.3%. Gasoline prices were the primary mover for the energy index, as they surged 9.5%. Prices for final demand foods fell 1.3%.

Prices for final demand services increased 0.1%, following a 0.2% decline in July. Prices for final demand transportation and warehousing bounced back from a 0.8% July decline, growing 0.3% in August.

Read the BLS release.

Email This Post Email This Post

About Stephen Newton

Stephen Newton is an economic research associate at ABA.