Producer prices rise 3.8% as consumer inflation accelerates to 0.8%

The producer price index increased 3.8%, exceeding economists’ forecast for a 3.6% gain and accelerating from July’s 3.5% increase, which was the weakest in three months. Consumer prices rose 0.8% in August from a year earlier, matching economists’ estimates in a Reuters poll and surpassing July’s 0.5% gain.