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…
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