Producer prices in the US declined by 0.1% in August

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In the US, producer prices have fallen for the first time in the past 18 months, MarketWatch writes. According to the US Department of Labor, prices in August this year fell by 0.1% compared to July, while specialists had expected an increase of 0.2%. In annual terms, prices of US producers increased by 2.8% in August, while analysts had predicted growth of 3.2%. Excluding food and energy, prices decreased by 0.1% as compared to July and grew by 2.3% compared to August of the previous year. It is noted that prices for goods remained unchanged in August, but the price of services for the month decreased by 0.1%.

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