Wednesday, October 15, 2014

Producer Prices Declined in September

Producer prices declined by 0.1% in September, the first monthly decline since August 2013. Year-over-year growth slowed to 1.6%, below the 2.0% target of the Federal Reserve.

Prices for finished services decreased 0.1% in September, driven largely by a 0.7% drop in energy prices. Gasoline prices continue to drop rapidly. Final demand also dropped 0.1%.

Prices at earlier stages of production increased. Processed and unprocessed intermediate goods improved 0.1% and 0.6% respectively. The increase was driven by growing food prices in the earlier stages of production.

Read the BLS report.

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