Home | News & Opinion | Producer prices drop sharply

Producer prices drop sharply

By
Font size: Decrease font Enlarge font
Producer prices drop sharply

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.

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha