U.S. Wholesale Inflation Steady at 0.2% in August, Core Prices Edge Higher

The U.S. Producer Price Index (PPI) increased by 0.2% in August compared to July, meeting economists’ expectations. This follows the release of consumer inflation data the previous day. On an annual basis, producer prices rose by 1.7%. The core PPI, which excludes food and energy prices, showed a slightly higher increase of 0.3% month-over-month, surpassing the anticipated 0.2% rise. This data provides insight into inflationary pressures at the wholesale level, which can eventually impact consumer prices.