By Alexander Bueso
Date: Thursday 12 Sep 2024
(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%).
-- More to follow --
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