US wholesale prices jump by more than expected in August

(Sharecast News) - Wholesale prices in the U.S. increased more quickly than anticipated in August, pushed higher by energy prices. According to the Department of Labor, in seasonally adjusted terms, so-called final demand prices jumped by 0.7% month-on-month (consensus: 0.4%).

In year-on-year terms, total final demand prices were ahead by 1.6% following a rise of 0.8% during the previous month.

On the goods side of the equation, prices were up by 0.2% versus July with those for food dipping by 0.5%, but those for energy climbing by 10.5%.

Services prices meanwhile edged up by 0.2%, although trade prices - which include retailers' margins - fell by 0.3%.

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