Wholesale prices deflated in August, coming in well shy of expectations as businesses adjusted to new tariff and immigration policies being carried out by the Trump administration.
The producer price index (PPI) ticked down by 0.1 percent in August after economists were predicting it to rise by 0.3 percent on the month. The index for final demand fell to a 2.6 percent annual increase from 3.3 percent in July, shy of economists expectations of a 3.1 percent rise.
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