September 15, 2009
Producer price index rose in August
The Producer Price Index for finished goods in the United States rose 1.7 percent in August, the Bureau of Labor Statistics reported Tuesday.
The price advancement follows a 0.9 percent decline in July. In June, prices rose 1.8 percent.
In August, core prices, which exclude energy and food items, rose 0.2 percent after falling 0.1 percent in July.
Energy prices in August rose 8 percent, while food prices for producers rose 0.4 percent, the bureau said.