Services, food boost U.S. producer prices; some relief could be on the way

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Long-distance freight, gasoline, lubricants, and consumer loans declined.

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The Fed's fight on inflation isn't over, but producer prices have stopped growing at an unsustainable pace.

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Last month, final demand PPI rose 0.4%. August's PPI fell 0.2%, not 0.1% as originally stated.

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Transportation and storage prices fell 0.2% for the third consecutive month, helped by supply chain constraints.

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Medium-priced products and services also rose.

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Food and alcohol retailing, portfolio management, equipment and vehicle wholesaling, oil and hospital inpatient care all increased.

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