US: PPI for final demand declines 0.1% in August after staying unchanged in July

"The Producer Price Index for final demand declined 0.1 percent in August, seasonally adjusted," the U.S. Bureau of Labor Statistics reported on Wednesday.

Key takeaways from the press release

• Final demand prices were unchanged in July and increased 0.3 percent in June.
• On an unadjusted basis, the final demand index rose 2.8 percent for the 12 months ended in August.
• The index for final demand less foods, energy, and trade services edged up 0.1 percent in August after advancing 0.3 percent in both July and June.
• For the 12 months ended in August, prices for final demand less foods, energy, and trade services rose 2.9 percent.