Wholesale inflation remains tame in August

Inflation at the wholesale level stayed low in August as the producer price index was unchanged, the Labor Department said Tuesday.

The unchanged reading in August, which was in line with economists' forecast, follows a 0.1% advance in July and a 0.4% jump in June.

Wholesale prices have risen 1.8% in the 12 months ending in August.

The core rate, which excludes volatile food and energy prices, increased 0.1% compared with 0.2% in July. The core rate over the last 12 months was up 1.8% over the past 12 months.