U.S. producer prices climbed 0.4% in August amid elevated energy costs

The short version

• U.S. wholesale prices rose 0.4% on a monthly basis in August.[ABC News · CNBC]
• The annual producer price index reached 5.4%, driven partly by high energy costs.[ABC News · CNBC]
• Core wholesale prices excluding food and energy gained 0.2% over the month.[ABC News · CNBC]

Key facts

• Wholesale prices increased by 0.4% on a monthly basis in August.[ABC News · CNBC]
• The annual producer price index reached 5.4% in August.[ABC News · CNBC]
• Core producer prices, excluding food and energy, rose 0.2% in August.[ABC News · CNBC]
• Elevated oil and gas prices tied to the conflict in Iran contributed to higher overall costs.[ABC News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Wholesale prices rose 0.4% in August, as expectedCNBC
• Wholesale prices moved higher last month in latest sign of stubborn inflationABC News - Business