Producer Prices Fell 1.4% in August, Led by Gasoline
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But a rise in vehicle and prescription drug prices pushed the rate of core producer inflation â excluding food and energy â up 0.2 percent for the month, a slight acceleration from July.
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A sharp plunge in energy prices pulled U.S. producer prices down 0.7 percent last month, a sharper-than-expected drop and the biggest in more than 1-1/2 years, a government report showed on Friday.
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U.S. average retail gasoline prices  fell more than 10 cents a gallon over the last two weeks due to  more abundant crude oil supplies and mainly lower oil prices,  according to an industry analyst.
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WASHINGTON -- Wholesale prices fell in August by the largest amount in 10 months, reflecting a plunge in the price of gasoline and other energy products and the fourth straight month of falling food costs.
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Consumer prices fell by 0.1 percent in July as gasoline costs posted their biggest decline in eight months, the government reported today.
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OTTAWA (CP) - More moderate gasoline prices at the pump and less expensive cars and trucks helped to slow the annual rise in inflation to 1.9 per cent in August, Statistics Canada said Friday.
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U.S. producer prices dropped  unexpectedly last month as the cost of gasoline plunged and  prices of food and vehicles fell, according to a government  report on Friday that showed inflation pressures under wraps.
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WASHINGTON (CBS.MW) -- Prices of US wholesale goods and services fell 0.1 percent in August, the Labor Department said Friday. The core producer price index -- adjusted to exclude food and energy goods -- also fell 0.1 percent.
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US gasoline costs fell to their lowest level in four months, with the national pump price dropping 1.8 cents over the last week to $1.
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The CPI rate of UK inflation fell to 1.8% in August from 1.9% in July, figures show, helped by cheaper energy bills.
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The Organization of Petroleum Exporting Countries boosted crude-oil production 1.2 percent in August, reaching a 25-year high for a second month in an attempt to pull prices back from records, a Bloomberg survey showed.
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Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products.
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Consumer prices, which have been buffeted this year by soaring energy costs, fell by 0.1 percent in July as gasoline costs posted their biggest decline in eight months, the government reported Tuesday.
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U.S. average retail gasoline prices fell more than 10 cents a gallon over the last two weeks due to more abundant crude oil supplies and mainly lower oil prices, according to an industry analyst.
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WASHINGTON - Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products, a fresh sign that inflation isn't currently a problem for the economy.    The decline in the Producer Price Index, which measures costs of goods before they reach store shelves, came after wholesale costs edged up by 0.1 percent in July, the Labor Department reported Friday...
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US average retail gasoline prices fell more than 10 cents a gallon over the last two weeks due to more abundant crude oil supplies and mainly lower oil prices, according to an industry analyst.
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US wholesale prices dipped 0.1percent in August as a retreat in food costs helped offset a rise in energy prices, the US Labor Department reported Friday.