A key measure of inflation in the U.S. economy came in much better than for July.
The producer price index was unchanged in July compared with June, the Bureau of Labor Statistics said Thursday. The index fell 0.3 percent in the prior month, indicating falling prices.
Economists had forecast the broad index of prices received by U.S. businesses to rise by 0.2 percent.
Compared with a year ago, producer prices are up 4.7 percent. Economists had forecast a 12-month increase of 4.9 percent after June’s 5.5 percent reading.
Energy prices fell 3.1 percent from the prior month, the second consecutive month of falling energy prices. Food prices fell by 0.9...
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