Global Economic News

U.S. Producer Prices Unexpectedly Edge Lower In August

Producer prices in the U.S. unexpectedly saw a modest decrease in the month of August, according to a report released by the Labor Department on Wednesday.

The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after coming in unchanged in July. Economists had expected prices to rise by 0.2 percent.

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by RTTNews Staff Writer

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