Thursday, February 6, 2014
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Producer Prices Rose 1 7 in August
Producer prices saw their largest monthly gain in three years in August, jumping 1.7%. August’s unexpected price increases were primarily driven by higher energy and food costs, as core finished goods only appreciated 0.2%. Prices are now 2.0% above year-ago levels, up from the 0.5% seen in July.
Prices at the earliest stages of production also surged, rising 2.2% over the month. Despite the strong appreciation in August, prices on crude goods are down 10.2% from year-ago levels.
Input costs are not expected to maintain the rapid appreciation seen in August, as the global economic slowdown will likely keep inflation moderate.
Read the BLS report.
Producer Prices Rose 1 7 in August
Prices at the earliest stages of production also surged, rising 2.2% over the month. Despite the strong appreciation in August, prices on crude goods are down 10.2% from year-ago levels.
Input costs are not expected to maintain the rapid appreciation seen in August, as the global economic slowdown will likely keep inflation moderate.
Read the BLS report.