Producer prices drop sharply
By
10/14/2015 08:45:00
Font size:
Largest decline in eight months.
The seasonally-adjusted Producer Price Index for final demand fell 0.5% in September, the U.S. Bureau of Labor Statistics reported today. This followed a flat reading in August. The September decline was the largest since January of this year.
Analysts had expected a decrease of 0.2%.
The results were largely attributed to falling energy costs and the strength of the US dollar.
In the 12 months through September, producer prices fell 1.1%, a larger decline than analysts’ expectation of a 0.7% decrease during that period.
Producer prices excluding volatile food and energy costs increased 0.3%, after a 0.1% increase in August. This key measure was up 0.5% over the last 12 months.
Contributors
|
Posted: 09/01/2016 08:21:00
|
|
|
Posted: 12/05/2017 19:57:00
|
|
|
Posted: 03/24/2017 11:00:00
|
|
|
Posted: 06/20/2017 19:35:00
|
|
Post your comment