Breaking: US annual PPI inflation declines to 2.6% in August vs. 3.3% expected

Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), declined to 2.6% on a yearly basis in August from 3.3% in July, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in below the market expectation of 3.3%…