Producer Price Index - Final Demand (PPI-FD) for August 2021
The Producer Price Index - Final Demand (PPI-FD) for August 2021 was released this morning:
Predicted: +0.8%
Actual: +0.7%
Change from 12 months previous: +8.3%
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Below is the PPI-FD when food, energy and trade services are removed:
Predicted: +0.5%
Actual: +0.3%
Change from 12 months previous: +6.3%
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The above, yellow-highlighted percentages represent the month-to-month
change in prices received by domestic producers of goods and services,
for goods, services and construction in the United States, for final
demand.
Final Demand = personal consumption (consumers), exports, government purchases and capital investment.
The PPI-FD is released by the Labor Department's Bureau of Labor Statistics.
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
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CHART: Producer Price Index - Final Demand (PPI-FD) 12 Month Percent Changes August 2021 Update |
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From Today's Report:
"...On an unadjusted basis, the final demand index rose 8.3 percent for the 12 months ended in August, the largest advance since 12-month data were first calculated in November 2010... "
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Labels: Coronavirus, COVID-19, COVID19, hard_data, inflation, Pandemic, ppi, ppi-fd, producer_price_index, wholesale, wholesale_prices
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