Producer Prices Rise on Higher Energy Costs
Washington, DC, Sept. 13, 2012 -- Rising energy prices caused U.S. wholesale prices to rise in August by the most in three years, according to the Labor Department.
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The producer price index climbed 1.7% after an increase of 0.3% in July. That was the largest increase since June 2009.
Core wholesale inflation, which excludes food and energy prices, rose 0.2%, in line with estimates.