Friday, May 06, 2016
Current Weather
Loading Current Weather....
Published: Friday, 9/17/2010

Wholesale prices up, led by food, fuel


WASHINGTON - Wholesale prices rose last month, but outside of volatile food and energy costs inflation remained tame.

The Producer Price Index rose 0.4 percent in August after increasing 0.2 percent in July, the Labor Department said Thursday. The index measures price changes on products before they reach the consumer.

But excluding food and energy costs, so-called "core" producer prices were relatively flat. They rose just 0.1 percent and are up 1.3 percent in the past year.

The weak economy has stifled demand at every stage of the production chain. That makes it tough for producers to raise the prices they charge to retailers.

Meanwhile, applications for U.S. unemployment benefits unexpectedly fell last week to the lowest level in two months, a sign the labor market is improving.

Initial jobless claims dropped by 3,000 to 450,000 in the week ended Sept. 11, the Labor Department said.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Points of Interest