Inflation in prices received by producers (prior to sales to consumers) held steady in August after a striking 0.4% decline in July. The flat reading was the result of a 0.1% increase in prices for services combined with a 0.4% drop in goods prices, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics (more weight is placed on services, in line with its share of the economy relative to goods). Final demand prices for core goods (i.e. goods excluding food and energy) inched up 0.1%.
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