U.S. wholesale inflation unexpectedly fell in August, providing assurance that President Donald Trump’s tariffs have yet to result in rocketing price inflation.
Last month, the producer price index (PPI)—a measure of prices paid by businesses for goods and services—dipped by 0.1 percent, after advancing by 0.7 percent the previous month, according to Bureau of Labor Statistics data released on Sept. 10.
Core PPI, which excludes volatile energy and food prices, decreased by 0.1 percent from a downwardly adjusted 0.7 percent.
Both headline readings came in below the consensus estimate of 0.3 percent.
Economists monitor wholesale prices as a pipeline inflation indicator since they are early in the supply chain….