U.S. PPI for final demand rises 0.4% in August; goods advance 1.1%

The U.S. Bureau of Labor Statistics reported that the Producer Price Index for final demand moved up 0.4 percent in August, seasonally adjusted. Final demand goods advanced 1.1 percent, while final demand services rose 0.1 percent. On an unadjusted basis, the index increased 5.4 percent for the 12 months ended in August. The index for final demand less foods, energy, and trade services rose 0.3 percent in August, advancing 4.7 percent over the 12 months ended in August.