WASHINGTON — The producer price index rose 1.7% in August, above expectations for a 1.4% rise, as energy prices surged 6.4% after declines in the previous five months and food prices were up 0.9%, data released Thursday by the Bureau of Labor Statistics showed.

The core PPI rose 0.2%, as expected. Within the core, prices of passenger cars fell 0.2%, but light truck prices rose 0.6%. There were increases in prices for the apparel categories outside of footwear, as well as pharmaceutical preps.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.