Wholesale prices rose 0.4% in August, as expected
- The Labor Department reported Thursday that wholesale inflation rose 5.4% in August from a year ago, accelerating from 4.7% in July as energy costs climbed.
- Higher oil and gas prices stemming from the conflict in Iran are keeping costs elevated, reversing the cooling trend observed earlier this summer.
- Excluding volatile food and energy categories, core wholesale prices rose 4.6% annually, up from 4.2% in July, while monthly prices increased 0.4% from the previous month.
- Thursday's figures will influence whether the Federal Reserve raises interest rates next week, intensifying pressure on President Donald Trump to address affordability issues before November's midterms.
- Amid these economic pressures, Trump announced Friday that his administration will allow temporary beef imports without higher tariffs, drawing opposition from cattle producers and conservative Republicans.
45 Articles
45 Articles
US producer prices rose by 0.4 percent in August, with data fueling doubts about the Fed's rapid cut in interest rates and fueling inflation concerns.
Wholesale prices moved higher last month in latest sign of stubborn in
Apple COO Sabih Khan, center, and CEO Tim Cook, left, give U.S. Secretary of Commerce Howard Lutnick a tour of a learning lab at Apple's Advanced Manufacturing Center in Houston, Thursday, Aug. 13, 2026. (AP Photo/Annie Mulligan)
The producer price index (PPI) of the United States rose 0.4% in August compared to the previous month, after the revised high of 0.1% in July, according to data recently released by the Department of Labor. The result came in line with the projection of a group of analysts. In the cumulative of 12 months, the PPI was high of 5.4% in August, after the advance of 4.8% in July and above the high consensus of 5.3%. The core of the PPI, which exclud…
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