Business Cost Gauge Points to Inflation Sticking Around for Longer

A person works at an injection molding station at the Polaris manufacturing and assembly plant in Roseau, Minn., on June 7, 2021. Dan Koeck/Files/Reuters

A new report from the Department of Labor detailing price dynamics from the perspective of input costs to businesses shows underlying inflationary pressures rising in August, suggesting inflation could stick around for longer.

The headline Producer Price Index (PPI), which tracks inflation before it hits consumers, fell 0.1 percent between July and August, according to a statement from the Bureau of Labor Statistics (BLS) on Sept. 14.