Producer prices fell 0.2 percent in February, seasonally adjusted, after advancing 0.1 percent in January, according to the U.S. Bureau of Labor Statistics. February’s decrease was attributable to a fall in prices for final demand goods.
Prices for final demand goods fell 0.6 percent, marking the third consecutive month of decline. The majority of the decrease could be traced to a 3.4 percent decline in prices for final demand energy. Prices for final demand foods also moved down, falling 0.3 percent. Excluding food and energy, the index for final demand goods increased 0.1 percent.
The index for final demand services was unchanged, following three consecutive advances. A 0.4 percent decline in the index for final demand trade services and a 0.7 percent decline in prices for final demand transportation and warehousing, were offset by a 0.3 percent rise in prices for final demand services, less trade, transportation and warehousing.
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