Intermediate goods prices declined 0.8% on the month in August, while energy prices were down 0.6%, the data showed. Prices of capital goods increased 0.4%, and prices in the durable goods and consumer goods sectors were both 0.1% higher compared with July.

In annual terms, industrial prices were lifted by higher prices in the consumer goods, durable goods and energy sectors, the data showed.

Consumer goods prices increased 4.3% on the year in August, while prices of energy and durable consumer goods rose 2.7% and 1.2%, respectively. Intermediate goods were by 3% less expensive, while capital goods prices declined 0.6% year-on-year.