Market Updates
Producer Prices Eases In August to 8.7%
Brian Turner
14 Sep, 2022
New York City
Producer prices, a measure of wholesale prices, declined 0.1% in August after falling 0.4% in July, the second monthly decline in a row.
Gasoline prices fell 12.7% but services prices rose 0.4%, the fourth monthly increase in a row.
On a yearly basis, producer prices slowed to 8.7% in August from 9.8% in July. the U.S. Bureau of Labor Statistics reported Wednesday.
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