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U.S. Producer Prices Were Unchanged in August

Wall Street Journal (09/11/15) Anna Louie Sussman; Jeffrey Sparshott

The producer price index was unchanged in August after rising 0.2% in July, according to the U.S. Department of Labor, suggesting inflation is muted amid declining oil prices. Excluding the energy and food categories, core prices increased 0.3% in August, on pace with the previous two months. Economists polled by the Wall Street Journal had forecast overall prices would decline 0.1% and core prices would increase 0.1%.

On a year-to-year basis, overall producer prices declined 0.8% in August from a year ago, while core prices rose 0.9%.

Producer prices for services increased 0.4% from July to August, but prices for goods declined 0.6%, largely due to lower gasoline prices.