Wednesday, October 14, 2020

CPI, PPI, and real weekly earnings creep up in September

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in September on a seasonally adjusted basis after rising 0.4 percent in August and 0.6 percent in July.

The Producer Price Index for final demand advanced 0.4 percent in September, seasonally adjusted. Final demand prices rose 0.3 percent in August and 0.6 percent in July. Within the intermediate demand category, prices for processed goods rose 1.0 percent and the index for unprocessed goods increased 3.9 percent.

Real average weekly earnings increased 0.2 percent in September as a 0.1 percent decline in real average hourly earnings combined with a 0.3-percent increase in the average workweek.

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