Producer prices rose in August

Sept. 13, 2013 at 9:32 AM

WASHINGTON, Sept. 13 (UPI) -- The U.S. Producer Price Index for finished goods rose 0.3 percent July to August, the Bureau of Labor Statistics reported Friday.

Prices for finished energy items rose 0.8 percent in the month. Food prices rose 0.6 percent, while prices paid for core items -- a category that excludes food and energy -- were flat for the month.

Prices for goods in the intermediate stage of production were flat for the second consecutive month, while prices for raw materials dropped 2.7 percent, the bureau said.

On an unadjusted annual basis, the producer price index was 1.4 percent higher in August, one tick higher than the 1.3 percent predicted by economists.

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