The U.S. Producer Price Index for finished goods fell 0.1 percent August to September, the Bureau of Labor Statistics reported Tuesday.
Prices for finished energy items rose 0.3 percent in the month. Food prices fell 0.1 percent, while prices paid for core items -- a category that excludes food and energy -- were up 0.1 percent for the month.
Prices for goods in the intermediate stage of production rose 0.1 percent after no change in three of the previous four months. Prices for raw materials rose 0.5 percent after dropping 2.7 percent in August, the bureau said.
On an unadjusted annual basis, the producer price index was 0.3 percent higher in September, considerably lower than the 0.6 percent predicted by economists.
Copyright 2013 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Original headline: Producer prices tame in September
Most Popular Stories
- GE Healthcare Bringing Jobs to Massachusetts
- Spiders Get Bigger, Reproduce Faster in Cities
- Faith Groups Divest From Fossil Fuels
- James Foley Beheading Video Is Real Thing: White House
- Apple Stock Bounces Back Big Time
- Entrepreneur Contest Announced in Idaho
- Why BofA Won't Pay $17 Billion After All
- Obama Weighs Move on Legal Immigration
- Notes From the July FOMC Meeting
- Eric Holder Arrives in Ferguson