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US producer prices rise in September

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US producer prices rise in September

U.S producer prices increased 0.4% in September, after a 0.2% increase in August, the U.S. Bureau of Labor Statistics said.

Prices for final demand less food, energy, and trade services increased 0.2% in September, the same as in August.

Producer prices were expected to increase 0.4% in September, according to a consensus forecast from Econoday. Excluding food, energy and trade services, producer prices were expected to rise 0.2%.

Prices for final demand goods rose 0.7% in September, after increasing by 0.5% in August. The index for final demand services increased 0.4%, following a 0.1% increase in the previous month.

On an unadjusted basis, the final demand index increased 2.6% for the 12 months ended in September.