US Producer Price Index for Final Demand Increases 0.2% Month-Over-Month in August

On Tuesday, the Bureau of Labor Statistics (BLS) reported that the Producer Price Index (PPI) for final demand, seasonally adjusted, advanced 0.2% in August. Final demand prices were unchanged in July. On an unadjusted basis, the index for final demand advanced 1.7% for the 12 months ending in August.

The August increase in the index for final demand can be traced to prices for final demand services, which moved up 0.4%. In contrast, the index for final demand goods was unchanged from July.

The index for final demand less foods, energy, and trade services increased 0.3% in August, the same as in July. For the 12 months ending in August, the index for final demand less foods, energy, and trade services moved up 3.3%.