The Producer Price Index for final demand fell 0.5 percent in February, seasonally adjusted, according to the U.S. Bureau of Labor Statistics. Final demand prices moved down 0.8 percent in January and 0.2 percent in December. On an unadjusted basis, the index for final demand decreased 0.6 percent for the 12 months ended in February.
In February, about 70 percent of the decline in final demand prices can be attributed to a 0.5 percent decrease in the index for final demand services. Prices for final demand goods moved down 0.4 percent.
Within intermediate demand, the index for processed goods fell 0.6 percent, the index for unprocessed goods dropped 3.9 percent and prices for services edged up 0.1 percent.
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