US Producer Prices Pick Up Slightly After Downward Revisions
- Producer price index rose 0.2% in August, led by services
- Categories that feed into Fed’s preferred measure were tame
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US producer prices picked up only slightly in August after the previous month’s numbers were revised lower, and categories that feed into the Federal Reserve’s preferred inflation gauge were muted.
The producer price index for final demand increased 0.2% from a month earlier following a flat reading in July, according to a Bureau of Labor Statistics report released Thursday. The median forecast in a Bloomberg survey of economists called for a 0.1% gain. Compared with a year ago, the PPI rose 1.7% — the least since early in 2024.