Inflation: Producer Price Index UP 0.4% In August, UP 5.4% Year-over-Year

From the Bureau of Labor Statistics, September 10: 

The Producer Price Index for final demand moved up 0.4 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.1 percent in July and decreased 0.1 percent in June. (See table A.) On an unadjusted basis, the index for final demand increased 5.4 percent for the 12 months ended in August.

In August, the index for final demand goods advanced 1.1 percent, and prices for final demand services increased 0.1 percent.

The index for final demand less foods, energy, and trade services rose 0.3 percent in August after moving up 0.4 percent in July. For the 12 months ended in August, prices for final demand less foods, energy, and trade services advanced 4.7 percent.

Final Demand
Final demand goods: The index for final demand goods advanced 1.1 percent in August following two consecutive decreases. Over three-fourths of the broad-based rise can be attributed to prices for final demand energy, which moved up 4.2 percent. The indexes for final demand goods less foods and energy and for final demand foods increased 0.4 percent and 0.1 percent, respectively.

Product detail: Over a third of the August increase in the index for final demand goods can be traced to prices for diesel fuel, which jumped 24.1 percent. The indexes for gasoline, jet fuel, home heating oil, candy and nuts, and tobacco products also advanced. In contrast, prices for residential electric power fell 0.5 percent. The indexes for fresh sausage and for aluminum mill shapes also decreased. 
(See table 2.)

Final demand services: The index for final demand services edged up 0.1 percent in August, the third consecutive increase. The August advance can be attributed to a 2.3-percent rise in prices for final demand transportation and warehousing services. Conversely, the index for final demand trade services moved down 0.2 percent, while prices for final demand services less trade, transportation, and warehousing were unchanged....

....MUCH MORE including the always interesting Table 2.