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Thursday, September 15, 2016

Producer Prices Unchanged in August

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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