WASHINGTON – A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check.
The Labor Department says that wholesale gas prices fell 1.4 percent last month and food costs dropped 0.5 percent. Those declines offset higher prices for transportation and shipping services.
The producer price index rose just 1.8 percent last month from a year earlier. The index measures price changes before they reach the consumer.