During the month of August prices paid by producers for finished goods, as measured by the Producer Price Index, was unchanged from the previous month. This was largely due to a decrease in energy costs (-1%) during the month of August.
The long term monthly change for the Producer Price Index is 0.3% since 1974.
Core producer prices, which exclude food and energy prices, increased 0.1% during the month of August. This was the smallest monthly increase since November 2010.
The latest reading of the Producer Price Index indicates that inflationary pressures on producers subsided, at least for the month of August.