Producer Prices Flat In August

Producer prices were flat in August, and up 0.1% excluding food and gas.

Expectations were for prices to be flat month-over-month, and grow 0.1% when excluding food and energy.

Year-over-year, prices were up 1.8% both including and excluding food and gas, which was in-line with expectations.

The report showed that in August, prices for services gained 0.3% while prices for good goods fell 0.3%.

In July, PPI grew 0.1% and 0.2% excluding food and energy, and on a year-over-year basis the index grew 1.7% and 1.6% when stripping out food and energy.

More to come…

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at