The PPI rose by 0.4% in August following a 0.1% gain in July, with energy prices up 4.2% after recent declines and food prices up 0.1%.
Core prices, which exclude food and energy, rose by 0.2%, slightly below expectations, after a 0.3% increase in the previous month.
The year-over-year rise in producer prices accelerated to 5.4% from 4.8% in the prior month, while core prices accelerated to 4.6% year-over-year after a 4.3% year-over-year increase in the previous month.
Home resales slowed to a 3.98 million seasonally adjusted annual rate in August from a 4.06 million rate in July and were down 1.2% from the 4.03 million rate in August 2025.
Three of the four US regions posted month-over-month sales declines in August, while the West region saw no change. There were lower sales in three of the four regions compared with a year earlier, with no change in the South region.
"Mortgage rates and home sales move in opposite directions, so it's not surprising to see a mild dip in home buying activity due to high mortgage rates," said NAR Chief Economist Lawrence Yun. "Still, home prices are rising, and existing home sales are actually up 1.6% year-to-date through the first eight months of the year."
Homes were on the market for 31 days on average, up from 29 days in the previous month and unchanged from a year ago.
The supply of homes for sale rose to 1.62 million from 1.57 million in July and 1.53 million a year ago, boosting the months supply to 4.9 months, a 10-year high according to the NAR.
Initial jobless claims decreased by 1,000 to 206,000 in the week ended Sept. 5, trimming the four-week moving average by 1,500 to 206,000 after four straight increases.
Insured claims fell by 1,000 to 1.774 million in the week ended Aug. 29.
Natural gas stocks rose by 40 billion cubic feet to 3.254 trillion cubic feet in the week ended Sept. 4, down 2.4% from a year earlier but 4.8% higher than the seasonal average for the current week over the previous five years.
July wholesale inventories were unrevised from a 1.3% gain in the advance reading and followed a 0.4% increase in the previous month, while wholesale sales rebounded by 0.8% after a 2.9% decline.
Combined with already released data for the retail and factory levels of distribution, business inventories are on track for a 0.8% gain while business sales are tracking up 0.3%. Both will be released on Sept. 16, when updated retail inventory and sales estimates will be released.
Total crude oil inventories fell by 1.6 million barrels in the week ended Sept. 4, with commercial oil inventories down 400,000 barrels and stocks in the US Strategic Petroleum Reserve down 1.2 million barrels. Gasoline inventories and distillate inventories both increased last week.
The Q3 GDP nowcast estimate from the Atlanta Fed is for a 4.4% gain, down from the previous estimate of a 4.7% gain.