US producer prices flat in August with food costs falling

September 16, 2016 12:41 PM

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U.S. producer prices were unchanged last month as the biggest decline in wholesale food costs in more than three years helped to keep a lid on inflation.

The Labor Department said Thursday that its producer price index, which measures cost pressures before they reach the consumer, was flat in August after a 0.4 percent decline in July which was the biggest drop in 10 months. Food prices at the wholesale level fell 1.6 percent in August, the largest d...

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