August PPI Unch; Core Rate Grows 0.1%

The producer price index was unchanged in August on a seasonally adjusted basis, while the core rate, which excludes food and energy rose 0.1%, the Labor Department reported Tuesday.

In July, PPI rose an unrevised 0.1% while the core rate also gained an unrevised 0.2%.

Food prices slipped 0.5% in August, while energy prices slumped 1.5%.

Economists polled by Thomson Reuters expected a 0.1% rise in the headline number and a 0.2% core increase.

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