U.S. Producer Price Index (PPI) for final demand increased 0.2 percent in September, seasonally adjusted, the U.S. Department of Labor reported on Wednesday.

Final demand prices declined 0.1 percent in August and were unchanged in July. On an unadjusted basis, the final demand index rose 2.6 percent for the 12 months ending in September.

In September, the increase in the final demand index can be traced to a 0.3-percent rise in prices for final demand services following two consecutive declines of 0.1 percent.

The broad-based advance was led by a 1.8-percent jump in the index for final demand transportation and warehousing services. Prices for final demand services less trade, transportation, and warehousing rose 0.3 percent, and the index for final demand trade services inched up 0.1 percent.

The index for final demand goods edged down 0.1 percent in September, the first decrease since a 0.5-percent drop in May 2017. Leading the September decline, prices for final demand energy fell 0.8 percent. The index for final demand foods decreased 0.6 percent. In contrast, prices for final demand goods less foods and energy rose 0.2 percent.

The index for final demand less foods, energy, and trade services moved up 0.4 percent in September, the largest rise since a 0.5-percent increase in January. For the 12 months ending in September, prices for final demand less foods, energy, and trade services rose 2.9 percent.