Producer Prices Down 0.1% in August
Washington, DC, September 14, 2022-The Producer Price Index for final demand fell 0.1% in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices decreased 0.4% in July and advanced 1.0% in June.
On an unadjusted basis, the index for final demand moved up 8.7% for the 12 months ended in August.
In August, the decrease in the index for final demand is attributable to a 1.2% decline in prices for final demand goods. In contrast, the index for final demand services advanced 0.4%.
Prices for final demand less foods, energy, and trade services moved up 0.2% in August following a 0.1% rise in July. For the 12 months ended in August, the index for final demand less foods, energy, and trade services increased 5.6%.