Wholesale Prices Rise 0. 4% in August, a Slight Increase Amid Ongoing Inflation Concerns The latest wholesale price index (PPI) report from the Bureau of Labor Statistics shows that wholesale prices rose 0.
4% in August, a development that comes as no surprise given recent trends. The annual rate of inflation remains at 5. 4%, just above the Federal Reserve's 2% target.
Core prices, which exclude food and energy, accelerated by 0. 2% in August, a trend that has some economists warning about the persistence of inflationary pressures.