US Producer price inflation for August continues elevated. US August PPI was 8.7% higher in August than a year before, down from July’s 9.8% increase but elevated. Fell 0.1% in August from July, a smaller decline than the 0.4% fall in July from June. Core producer prices rose 5.6% in August from the year before after a 5.8% annual increase in July. For the month core PPI rose 0.2% in August from July, up from a 0.1% increase in July from June.
August 2022 PPI
The Producer Price Index for final demand fell 0.1 percent in August, seasonally adjusted, the
U.S. Bureau of Labor Statistics reported today.
US June PPI Highlights.
- PPI +8.7% y/y vs +8.8% expected Prior was +9.8%
- PPI -0.1% m/m vs -0.1% expected
- Prior m/m reading was -0.5%
- Ex-food and energy +7.3% y/y vs +7.1% expected
- Ex-food and energy +0.4% m/m vs +0.3% expected
Where the price rises were:
- The index for final demand goods fell 1.2% month-over-month, paced by a 6.0% decline in prices for final demand energy. On a year-over-year basis, the index was up 12.2%.
- The index for final demand services increased 0.4% in August, led by a 0.8% increase in margins for final demand trade services. On a year-over-year basis, the index was up 6.6%.
- The index for processed goods for intermediate demand dropped 1.7% month-over-month with about two-thirds of the decrease due to a 5.2% decline in prices for processed energy goods. On a year-over-year basis, the index was up 14.1%.
- The index for unprocessed goods for intermediate demand rose 5.7% month-over-month with prices for unprocessed energy materials up 13.5%. On a year-over-year basis, the index was up 36.1%.
US PPI August 2022
United States Producer Prices Final Demand Less Foods and Energy
From the Traders Community News Desk