Wholesale prices stable as fuel costs drop
August reading signals that inflation may linger below the Federal Reserve's goal for some time
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Washington
WHOLESALE prices in the US were little changed in August, restrained by lower fuel costs that signal that inflation would remain weak.
Stagnant producer prices last month followed a 0.2 per cent advance in July, Labor Department figures showed on Friday in Washington. The median forecast of 73 economists surveyed by Bloomberg called for a 0.1 per cent drop. Costs have fallen 0.8 per cent over the past 12 months.
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