• The producer price index for total final demand increased 0.3% in August, following a 0.6% increase in the previous month, according to the U.S. Bureau of Labor Statistics.  The index for final demand less foods, energy and trade increased 0.3%, the same increase as in the previous month. The producer price index for final demand decreased 0.2% from August 2019 to August 2020, while the index for final demand less foods, energy and trade increased 0.3%.
  • Import prices increased 0.9% in August, according to the U.S. Bureau of Labor Statistics, following a 1.2% increase in the previous month. Prices for imports decreased 1.4% from August 2019. The price index for exports increased 0.5% in August, after a 0.9% increase in the previous month. Prices for exports decreased 2.8% over the past year.
  • Both the headline and the core consumer price index increased 0.4% in August, following a 0.6% increase as in the previous month. The consumer price index increased 1.3% for the 12-month period ending in August, while the core index rose 1.7%.
  • Real average hourly earnings for all employees were unchanged from July to August. This result stems from 0.4% increase in average hourly earnings offset by a 0.4% increase in the consumer price index for all urban consumers.

 

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