Arab Today, arab today us producer prices flat in august
Last Updated : GMT 07:47:23
Arab Today, arab today
Arab Today, arab today

US producer prices flat in August

Arab Today, arab today

Arab Today, arab today US producer prices flat in August

US Labor Department's producer price
Washington - AFP

US producer prices were unchanged in August as rises for clothing and food offset a decline in energy costs, official data released Friday showed.

The Labor Department's producer price index held steady after three months of modest gains.

Analysts on average had forecast PPI would slip 0.1 percent.

Prices of services rose 0.4 percent in August, driven largely by rising retailing costs in apparel, footwear and accessories.

Goods prices fell 0.6 percent, the steepest drop since April, as energy prices tumbled 3.3 percent. Gasoline prices dived 7.7 percent and heating fuel lost 11 percent.

Food prices rose 0.3 percent. Egg prices surged 23.2 percent after an avian flu epidemic forced the destruction of flocks of chickens several months ago.

Excluding food and energy, which can be volatile month on month, producer prices rose 0.3 percent for the third consecutive month.

The wholesale inflation data came ahead of the Federal Reserve's monetary policy meeting next Wednesday and Thursday. The central bank is weighing whether the economy is strong enough to weather an increase in its benchmark interest rate, pegged at zero since late 2008.

While other aspects of the economy show improvement, such as the jobs market, overall inflation has remained muted, below the Fed's 2.0 percent target for price stability.

"If the Fed is looking for evidence that inflation is back on track for two percent, this report does not go in that basket," said Robert Brusca of FAO Economics.

"In addition, global commodity prices remain weak and falling and oil prices are slipping again; the dollar remains strong and that should depress inflation in the US."

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us producer prices flat in august Arab Today, arab today us producer prices flat in august

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday