Producer prices unchanged in August
However, “core” prices rose 0.3%.
The seasonally-adjusted Producer Price Index for final demand remained unchanged in August, the U.S. Bureau of Labor Statistics reported today. This follows a 0.4% decrease in July.
Analysts had expected the PPI to increase 0.1% during the month.
The results were largely attributed to the continued strength of the US dollar and relatively inexpensive energy costs.
In the 12 months through August, producer prices were also unchanged.
Producer prices excluding volatile food and energy costs increased 0.3%, after remaining flat in July. This key measure was up 1.2% over the last 12 months, the largest such increase since December 2014.
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