The Producer Price Index for final demand declined 0.5 percent in September, seasonally adjusted, according to the U.S. Bureau of Labor Statistics. Final demand prices were unchanged in August and rose 0.2 percent in July. On an unadjusted basis, the final demand index fell 1.1 percent for the 12 months ended in September, the eighth straight 12-month decline.
In September, two-thirds of the decrease in the final demand index is attributable to prices for final demand goods, which fell 1.2 percent. The index for final demand services moved down 0.4 percent.
Within intermediate demand, prices for processed goods fell 1.5 percent, the index for unprocessed goods dropped 3.1 percent, and prices for services decreased 0.7 percent.
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