HOUSTON, Sept. 12 (Xinhua) -- U.S. Producer Price Index (PPI) for final demand fell 0.1 percent in August, seasonally adjusted, the U.S. Department of Labor reported on Wednesday.
Final demand prices were unchanged in July and increased 0.3 percent in June. On an unadjusted basis, the final demand index rose 2.8 percent for the 12 months ending in August.
In August, the decline in the final demand index was attributed to a 0.1-percent decrease in prices for final demand services, led by a 0.9-percent decline in the index for final demand trade services.
Prices for final demand transportation and warehousing services fell 0.6 percent. In contrast, the index for final demand services less trade, transportation, and warehousing rose 0.3 percent.
The index for final demand goods was unchanged in August after increasing in each of the prior three months. In August, a 0.4-percent advance in prices for final demand energy offset a 0.6-percent decline in the index for final demand foods.
The index for final demand less foods, energy, and trade services edged up 0.1 percent in August after advancing 0.3 percent in both July and June. For the 12 months ending in August, prices for final demand less foods, energy, and trade services rose 2.9 percent.
