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Bloomberg
A measure of underlying US producer prices that excludes food and fuel picked up in
August after posting its smallest gain in two years, indicating inflation may be starting to stabilise.
So-called core producer prices increased 2.3 percent in August from a year earlier, topping the Bloomberg survey median forecast, following a 2.1 percent gain, a Labor Department report showed on Wednesday.
Including food and energy, the index rose 0.1 percent from July and 1.8 percent from August 2018.
The report, which measures wholesale and other business selling costs, is monitored by analysts to assess the potential of price pressures at the consumer level.
Since the end of 2018, annual producer price gains have slowed as a sluggish global economy, exacerbated by the US-China trade war, has limited demand for inputs.