Wholesale Prices Rise Modestly in August

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http://biz.yahoo.com/ap/060919/economy.html?.v=6

WASHINGTON (AP) -- Prices at the wholesale level edged up modestly in August, providing further evidence that inflation pressures are easing.

The Labor Department reported that wholesale prices edged up 0.1 percent last month as gasoline prices fell, helping to offset a jump in food costs.

Outside of energy and food, core inflation was even better behaved, falling by 0.4 percent after a 0.3 percent decline in July. It marked the first back-to-back declines in core inflation in more than three years.

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