Keeping you up to date on the latest data releases.
The Producer Price Index (PPI) for finished goods was unchanged in August, after rising at an annualized rate of 2.5 percent in July, following a 4.3 percent decline in June. The 12-month growth rate slipped from 7.2 percent to 6.5 percent as a result of August’s flat reading. Energy prices fell 11.2 percent in August, restraining overall producer prices. Still, the PPI excluding food and energy prices rose just 0.7 percent in August, following a somewhat elevated 5.5 percent increase in July. Over the past three months, the annualized growth rate in the core PPI is 3.4 percent, modestly above its 12-month growth rate of 2.5 percent. Further back on the production line, pricing pressure was mixed, as core intermediate goods rose slipped down 1.2 percent and core crude goods—which are up 24 percent over the past year—rose 21.2 percent in August.