US producer prices unexpectedly declined by 0.1% in August, contrasting with July’s 0.7% increase, according to the Labor Department. This drop in wholesale services prices, driven by smaller retailer and wholesaler profit margins, suggests companies might be absorbing tariff costs. Annually, producer prices rose 2.6%. Economists closely monitor PPI as it influences consumer inflation and the Federal Reserve’s inflation gauge. Post navigation Industrial boost: Vedanta in process of land acquisition for 3 MTPA smelter; aluminium park in Jharsuguda also on cards ‘No inflation!’: Donald Trump calls Jerome Powell a ‘total disaster’; pushes for urgent Fed rate cut
