The Bureau of Labor Statistics released the Producer Price Index (PPI) for the month of August. Most readings came out flat with the previous month’s numbers.
Source: Thinkstock
The PPI for final demand remained flat in August on a seasonally adjusted basis. This matched up perfectly against a Bloomberg estimate of 0.0%. Excluding food and energy, the reading was 0.1%, compared to an estimate of 0.1%.
Final demand prices advanced 0.1% in July and 0.4% in June. On an unadjusted basis, the index for final demand increased 1.8% for the 12 months ended in August. In August, a 0.3% rise in prices for final demand services offset a 0.3% decrease in the index for final demand goods.
The index for final demand goods moved down 0.3% in August, the largest decrease since a 0.7% drop in April 2013. More than 80% of the August decline is attributable to prices for final demand energy, which fell 1.5%. The index for final demand foods decreased 0.5%. Prices for final demand goods less foods and energy were unchanged.
READ ALSO: 10 Cities Where Homebuyers Pay Cash
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
