Business

US producer prices unchanged in August

By Christopher Rugaber
Published September 16, 2014 2:04pm ET
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US producer prices unchanged in August
In this Tuesday, April 15, 2014 photo, Glendy Vega inspects a blender container before final packaging at the Vitamix manufacturing facility in Strongsville, Ohio. The Labor Department reports, on Tuesday, Sept. 16, 2014, on U.S. producer price inflation in August. The report measures price changes before they reach consumers. (AP Photo/Mark Duncan) | Mark Duncan

WASHINGTON (AP) — A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check.

Wholesale gas prices fell 1.4 percent last month and food costs dropped 0.5 percent, the Labor Department said Tuesday. Those declines offset higher prices for transportation and shipping services.

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