Both the top-line and core PPI likely rose 0.1% in August. Residential gasoline prices moved lower between the July and August reference periods and seasonal factors will only slightly offset this, resulting in a softer energy index for the month. Food prices were unchanged last month and agricultural prices, measured by prices received by farmers, declined in August suggesting that food prices in the PPI should be flat or negative. Price pressures in the core should also be limited in line with information in the Fed’s most recent Beige Book, which indicated that many districts saw “modest growth, no change, or ... (full story)