US producer prices rise a tad more quickly than expected, core ahead of forecasts

(Sharecast News) - Wholesale prices in the US increased a tad more slowly than anticipated last month, but a bit more quickly than expected at the core level. According to the Department of Labor, in seasonally adjusted terms so-called total final demand prices rose at a month-on-month pace of 0.2% in August and by 1.7% in annual terms.

In July final demand prices had advanced at a clip of 2.1%.

Economists had forecast a month-on-month gain of 0.1% and a year-on-year rate of increase of 1.8%.

Goods prices were flat overall and up by 0.2% when energy and food are excluded.

Services prices meanwhile were ahead by 0.4%, led by a 0.6% in trade prices, which include retailers' margins.

Core producer prices meanwhile were up by 0.3% over the month (consensus: 0.2%).

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