Inflation , as measured by the producer price index, fell seven-tenths of a percentage point to 2.6% for the year ending in August, the Bureau of Labor Statistics reported Wednesday, a sign that price pressures may not be building as much as thought.

On a month-to-month basis, the price index decreased by 0.1%, less than the 0.3% increase that was expected.

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Core PPI inflation, which strips out volatile food and energy prices, increased 2.8% on an annual basis. Core inflation fell 0.1% on a monthly basis.

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