August 2024 Producer Price Index — 2024-09-12

The Producer Price Index for final demand increased 0.2 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in July and rose 0.2 percent in June. (See table A.) On an unadjusted basis, the index for final demand advanced 1.7 percent for the 12 months ended in August. The August rise in the index for final demand can be traced to a 0.4-percent increase in prices for final demand services. The index for final demand goods was unchanged. Prices for final demand less foods, energy, and trade services advanced 0.3 percent in August, the same as in July. For the 12 months ended in August, the index for final demand less foods, energy, and trade services moved up 3.3 percent. Final demand services: Prices for final demand services rose 0.4 percent in August after declining 0.3 percent in July.