The 2020 Mid-Year Economic Update_long

Wholesale Prices Increase 1.7% in August

On an unadjusted basis, Producer Price Index is down from a year ago.

Wholesale prices increased 1.7% in August, according to today’s report from the Bureau of Labor Statistics of the U.S. Department of Labor.

This increase follows a 0.9% decline in July and a 1.8% advance in June. In August, at the earlier stages of processing, prices received by manufacturers of intermediate goods rose 1.8% and the crude goods index moved up 3.8%.
On an unadjusted basis, prices for finished goods fell 4.3% from August 2008 to August 2009, following a record 6.8% 12-month decline in July.
For more details on the Producer Price Index for August, download the pdf below.


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