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US monthly producer prices unexpectedly fell in September

Seasonally adjusted producer prices in the U.S. slipped 0.3% month over month in September after two consecutive months of gains, data from the Bureau of Labor Statistics showed.

The consensus estimate of economists polled by Econoday was for an increase of 0.1% in September.

Prices for final demand services fell 0.2% after a 0.3% increase in August, with prices for trade services and prices for transportation and warehousing services both declining 1%.

Prices for final demand goods decreased 0.4% in September following a 0.5% dip in the previous month, with prices for final demand energy falling 2.5%.

On an unadjusted basis, the producer price index for final demand rose 1.4% year over year in September.