Producer Prices Dip 1.4% in August on Energy
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The Labor Department said it was the largest fall in producer prices since a 1.5% decline in October 2006.
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Prices paid to U.S. producers for  goods except food and energy fell in July for the first time in  nine months, according to a government report on Tuesday that  markets saw as a sign of slowing inflation.
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INFLATION fell again in August, slipping further below the governmentâs 2 per cent target, driven down by clothing and footwear retailers failing to raise prices after a poor summer.
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Industrial activity edged up by 0.1 percent in August as declines in utility and mining output tempered a gain in factory production.
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Crude oil prices fell Friday to the lowest in more than four months as traders regarded Organization of Petroleum Exporting Countries&#39;(OPEC) production cut as a too conservative measure.
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U.S. producer prices shrank a slightly bigger-than-forecast 0.6 percent in January, government data showed on Friday, as energy prices declined sharply while core producer prices inched up as expected.
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Inflation slowed to an annual rate of 1.3 percent in August from 1.4 percent in July, well below the 2.0-percent target used by the Bank of England.
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Producer prices dropped unexpectedly last month as energy price gains eased and the cost of food and vehicles fell, according to a government report on Friday that showed inflation pressures fading.
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The US Labor Department said Thursday inflation at the consumer level remained tame in August. The consumer price index rose 0.1 percent in August, reversing a 0.1 percent decline in July, the Labor Department said.
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The dollar eased on Friday after an  August decline in U.S. producer prices undermined forecasts for  dollar-boosting Federal Reserve interest rate hikes beyond  September.
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A pullback in the price of gasoline kept Canada&#39;s annualized inflation rate tame in August, according to a report Friday. Statistics Canada reported that the annualized rate of inflation in August fell to 1.9 per cent from 2.3 per cent in 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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The producer price index declined by 0.2 percent last month after shooting up by 0.9 percent in May, the Labor Department said, citing cheaper energy.
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Output at U.S. Mid-Atlantic factories  slowed in August as new orders dropped sharply, suggesting  recent weakness in the economy is likely to persist into coming  months.
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British inflation slowed to an annual rate of 1.3 percent in August from 1.4 percent in July, well below the 2.0-percent target used by the Bank of England.
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US inflation growth dips to 0.2% in August, down from July's 0.4% rise, as energy prices cool significantly.
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U.S. producer prices dropped unexpectedly last month as energy price gains eased and the cost of food and vehicles fell, according to a government report on Friday that showed inflation pressures fading.