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Wednesday, September 28, 2022 6:35:18 AM EDT




PPI
Briefing.com Updated 14-Sep-22 09:28AM ET

In August, the Producer Price Index for final demand decreased 0.1% month-over-month, as expected, following an upwardly revised 0.4% decline (from -0.5%) for July.

The index for final demand, less foods and energy, increased 0.4% month-over-month (Briefing.com consensus 0.3%) following an upwardly revised 0.3% increase (from 0.2%) for July.

On a year-over-year basis, the index for final demand was up 8.7% versus 9.8% in July, whereas the index for final demand, less foods and energy, was up 7.3% versus 7.7% in July.

The index for final demand goods fell 1.2% month-over-month, paced by a 6.0% decline in prices for final demand energy. On a year-over-year basis, the index was up 12.2%.

The index for final demand services increased 0.4% in August, led by a 0.8% increase in margins for final demand trade services. On a year-over-year basis, the index was up 6.6%.

The index for processed goods for intermediate demand dropped 1.7% month-over-month with about two-thirds of the decrease due to a 5.2% decline in prices for processed energy goods. On a year-over-year basis, the index was up 14.1%.

The index for unprocessed goods for intermediate demand rose 5.7% month-over-month with prices for unprocessed energy materials up 13.5%. On a year-over-year basis, the index was up 36.1%.

The key takeaway from the report is that producers saw a moderation in price pressures, yet the report also shows that inflation is still far too high and broad based.
 
AUGJULJUNMAYAPR
Final Demand-0.1%-0.4%1.0%0.8%0.5%
Core (excluding ...)
Food and Energy0.4%0.3%0.4%0.5%0.4%
Food, Energy, and Trade0.2%0.1%0.3%0.5%0.4%
Final Demand Goods
Total-1.2%-1.7%2.3%1.5%1.3%
Energy-6.0%-9.0%9.4%4.8%1.6%
Finished Goods-1.2%-1.8%2.9%1.8%0.8%
Final Demand Services
Total0.4%0.2%0.3%0.5%0.0%
Trade0.8%0.9%0.5%0.7%0.2%
Intermediate Demand
Processed-1.7%-2.2%2.1%2.3%2.1%
Unprocessed5.7%-10.7%4.5%5.4%5.5%
Services1.0%0.2%-0.3%0.5%0.9%