Producer Prices Declined in August

Producer prices decreased 0.1 percent in August, seasonally adjusted, after remaining unchanged in July, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.8 percent for the twelve months ended August 2018.

The index for final demand goods was unchanged in August, after increasing 0.1 percent last month. The index for final demand energy rose 0.4 percent, while prices for final demand goods less foods and energy was unchanged.

Prices for final demand services decreased 0.1 percent. Prices for final demand transportation and warehousing fell 0.6 percent in August after increasing 0.3 percent in July. Prices for final demand trade fell 0.9 percent.

Read the BLS release.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
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