According to a report by the U.S. Department of labor, producer price index (PPI) in the U.S. in August increased by 0.2% compared with the previous month, after falling 0.1% in July.
Analysts predicted increase on the August figure of 0.3%.
Over the past 12 months, the PPI rose by 2.4%, accelerating the rate of increase with +1.9% in July.
Excluding prices for energy and food, core producer price index (core PPI) in August rose by 0.1% compared to the previous month in comparison with the forecast of an increase of 0.2%.
Over the past 12 months, the core PPI increased by 2.0% compared to +1.8% in July.