Inflation at the wholesale level remains tame, as producer prices rose 0.4% in August, but that statistic was boosted higher by a jump in often-volatile energy prices, the U.S. Labor Department announced Thursday. The core rate, which excludes food and energy, rose just 0.1%.
A Bloomberg survey had expected producer prices to increase 0.3% in August after an 0.2% rise in July, and the core rate to…
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Producer Prices Rise on Higher Energy Costs originally appeared on DailyFinance on Thu, 16 Sep 2010 09:45:00.
Filed Under: Economy