Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index (PPI) rose at an annualized rate of 3.71 percent in August. On a year-over-year basis, the PPI is up 1.4 percent. Producer prices for finished consumer foods rose 7.3 percent in August, up from 0.6 percent increase in July. Energy prices increased 10.48 percent in August, reversing a decline of 2.5 percent in July. Year-over-year energy prices are still slightly up, at 0.8 percent. Excluding volatile food and energy prices, “core” PPI was unchanged in August, the first month that has not experienced some type of gain since October 2012. At earlier stages of production, core intermediate goods prices increased 1.9 percent, while core crude prices decreased 5.1 percent.