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.
Producer price index up .3 percent on food, energy
The increase was greater than what was forecasted.
September 13, 2013