Producer price index up .3 percent on food, energy
The increase was greater than what was forecasted.
US wholesale prices rose more than expected in August, reflected in a .3 percent increase in the producer price index. The median forecast was a .2 percent increase, but higher costs for food and some fuels meant a larger jump than expected. Import prices were unchanged in August, and a September 17 report will show that consumer prices climbed .2 percent last month, according to Bloomberg.