US producer price index flat in August

Ani Salama FXStreet

US producer price index was unchanged in August, the Labor Department said Thursday.

The reading came in below the 0.1% increase expected by analysts, but up from a 0.4% decline in July. When excluding volatile categories such as food and energy, PPI rose 0.1% last month, as expected.

From a year earlier, the PPI was flat in August,while excluding food and energy, prices were up 1.2% on the year.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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