The producer price index final demand was a tenth above market expectations in august: 0.0%mom and -0.8%yoy.

Chart 2 below breaks down producer prices for final demand goods. Core goods (excluding food and energy) remais steady at the 1% trend.

Chart 3 breaks producer prices for final demand services. Core services running at 1.6%.

Charts 4 to 6 breaks down producer prices by stage of processing. Stage 1 intermediate demand index measures price changes for products purchased by industries that primarily produce output sold to industries classified in stage 2; stage 2 measures input prices for industries that produce output sold to stage 3 and so on. Stage 4 measures input prices of industries that primarily sell to final consumers (i.e., personal consumption, capital investment, government purchases, and exports). Here are some examples of which kind of industries is included in each stage of production.

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