Producer prices were unchanged in August, according to the U.S. Bureau of Labor Statistics, as an increase in the index for final demand services offset a decrease in the index for final demand goods. Year-over-year producer prices were also unchanged.
Prices for final demand services rose 0.1% in August, after a 0.3% July decrease. Much of the advance was due to prices for final demand services less trade, transportation, and warehousing, which increased 0.5%. In contrast, the index for final demand trade services fell 0.6%.
The index for final demand goods fell 0.4% in August, the same as in July. Eighty percent of the decrease was due to a decline in the index for final demand foods which fell by 1.6%. The index for final demand energy also fell, declining by 0.8%.
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