WASHINGTON (Reuters) - U.S. producer prices increased ... A 0.4% increase in services accounted for the rise in the PPI last month. Services, which dropped 0.3% in July, were last month boosted by a 4.8% surge in the prices of hotel and motel rooms.

The Producer Price Index rose 0.2% M/M in August, faster than the +0.1% expected and accelerating from +0.1% in July, the U.S. Department of Labor said on Thursday. From a year before, PPI gained 1.7%,