U.S. core producer prices accelerate after July slowdown

CORE PRODUCER prices int he U.S. increased 2.3% year over year in August. / BLOOMBERG NEWS FILE PHOTO/SERGIO FLORES
CORE PRODUCER prices int he U.S. increased 2.3% year over year in August. / BLOOMBERG NEWS FILE PHOTO/SERGIO FLORES
WASHINGTON – A measure of underlying United States producer prices that excludes food and fuel picked up in August after posting its smallest gain in two years, indicating inflation may be starting to stabilize. So-called core producer prices increased 2.3% in August from a year earlier, topping the Bloomberg survey median forecast, following a 2.1%…

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