Wholesale prices fell 0.1% in August amid inflation fears

The prices that producers receive for goods and services declined in August, a mild respite from inflation pressures that are threatening to send the U.S. economy into recession.

The producer price index, a gauge of prices received at the wholesale level, declined 0.1%, according to a Bureau of Labor Statistics report Wednesday. Excluding food, energy and trade services, core PPI increased 0.2%.

Economists surveyed by Dow Jones had been expecting headline PPI to decline 0.1% and core to rise 0.3%.

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