Services, food boost U.S. producer prices; some relief could be on the way
Long-distance freight, gasoline, lubricants, and consumer loans declined.
The Fed's fight on inflation isn't over, but producer prices have stopped growing at an unsustainable pace.
Last month, final demand PPI rose 0.4%. August's PPI fell 0.2%, not 0.1% as originally stated.
Transportation and storage prices fell 0.2% for the third consecutive month, helped by supply chain constraints.
Medium-priced products and services also rose.
Food and alcohol retailing, portfolio management, equipment and vehicle wholesaling, oil and hospital inpatient care all increased.
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