The Producer Price Index for final demand rose 0.3% in August, seasonally adjusted, according to the U.S. Bureau of Labor Statistics. This follows a 0.6% increase in July. On an unadjusted basis, the final demand index decreased 0.2% for the 12 months ended in August.
Prices for final demand less foods, energy, and trade services rose 0.3% in August, unchanged from June. For the 12 months ended in August, the index for final demand less foods, energy, and trade services increased 0.3%.
The index for final demand goods rose 0.1% in August. Most of the August increase can be traced to the index for final demand goods less foods and energy, which increased 0.3%. The prices for final demand foods fell 0.4%, and the index for final demand energy declined 0.1%.
The index for final demand services increased 0.5% in August. Leading the increase was the margins for final demand trade services. which rose 1.2%. The indexes for final demand services less trade, transportation, and warehousing and for final demand transportation and warehousing services also moved up, 0.3% and 0.2%, respectively.
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