Producer Prices Grew 0.4% in September

Producer prices increased 0.4% in September, seasonally adjusted, after growing 0.2% in August, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.6% for the twelve months ended September 2017, the largest gain since the twelve months ended February 2012.

The index for final demand goods advanced 0.4% in September. The index for final demand energy led the way, climbing 3.4%. Gasoline prices were the primary mover for the energy index, as they surged 10.9% largely due to Hurricane Harvey’s impact on oil refineries in Texas. Prices for final demand foods were unchanged.

Prices for final demand services grew 0.4%, following a 0.1% increase in August. Prices for final demand transportation and warehousing jumped 1.0% in September after increasing 0.3% in August.

Read the BLS release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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