US PPI final demand MoM for August YoY 1.7% vs 1.8% estimate. MoM 0.2% vs 0.1% est.

• Prior month 2.2% YoY. Revised to 2.1%
• PPI final demand YoY 1.7% vs 1.8% estimate
• PPI final demand MoM 0.2% vs 0.1% estimate. Prior 0.1% revised to 0.0%
• PPI Ex food and energy YoY 2.4% vs 2.5% estimate. Prior 2.4% revised to 2.3%
• PPI Ex food and energy MoM 0.3% vs 0.2% estimate. Prior 0.00% revised to -0.2%
• PPI food and energy and trade YoY 3.3% vs 3.3% prior (revised to 3.2%). MoM 0.3% vs 0.3% prior.

Final Demand Services:

• Prices rose 0.4% in August after a 0.3% decline in July

• 60% of the increase is due to a 0.3% rise in final demand services less trade, transportation, and warehousing

• Margins for final demand trade services increased 0.6%

• Final demand transportation and warehousing services decreased 0.1%

Product Detail:

• Guestroom rental prices rose 4.8%, a major factor in the August advance

• Other price increases:

• Machinery and vehicle wholesaling

• Automotive fuels and lubricants retailing

• Residential real estate loans (partial)

• Professional and commercial equipment wholesaling

• Furniture retailing

• Price decreases:

• Airline passenger services (0.8%)

• Food and alcohol retailing

• Membership dues, admissions, and recreational facility use fees (partial)

Final Demand Goods:

• Prices were unchanged in August after a 0.6% rise in July

• Breakdown by category:

• Final demand goods less foods and energy: +0.2%

• Final demand foods: +0.1%

• Final demand energy: -0.9%

Product Detail:

• Price increases:

• Non-electronic cigarettes: +2.3%

Other prices that moved up:

• Chicken eggs

• Gasoline

• Diesel fuel

• Drugs and pharmaceuticals

• Price decreased

• Jet fuel: -10.5%

Other categories that decreased:

• Meats

• Electric power

• Hay, hayseeds, and oilseeds

• Nonferrous scrap

This article was written by Greg Michalowski at www.forexlive.com.