Producer prices in U.S. decline for first time in 18 months

THE PRODUCER-PRICE INDEX decreased 0.1 percent month to month in August after no change in the prior month and increased 2.8 percent year over year. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
THE PRODUCER-PRICE INDEX decreased 0.1 percent month to month in August after no change in the prior month and increased 2.8 percent year over year. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
NEW YORK - United States producer prices unexpectedly fell in August, the first drop in 18 months, on declines in costs for services and foods, a Labor Department report showed Wednesday in Washington. Highlights of producer prices (August) Producer-price index dropped 0.1 percent month to month (estimated 0.2 percent rise) after no change in prior month…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -