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Some good inflation news: Wholesale prices fell in August

Minneapolis
CNN Business
 — 

Just one day after August’s disappointing Consumer Price Index report triggered a meltdown on Wall Street, a separate inflation report indicated that wholesale price increases are showing signs of improvement.

The Producer Price Index, which tracks average changes in the prices paid to producers of goods and services, rose by 8.7% in the 12 months ended in August.

Prices fell by 0.1% in the month from July to August, according to data from the Bureau of Labor Statistics released Wednesday.

Economists expected year-over-year PPI to rise by 8.8% and to fall by 0.1% from July, according to Refinitiv estimates.

Since PPI captures price changes happening further upstream, the report is considered by some to be a leading indicator for broader inflationary trends and what consumers could…

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