The Producer Price Index (PPI) rose 0.2% in August, slightly below expectations. Year-over-year, PPI increased to 2.4%, boosted by energy prices. Core PPI during that period held at a 1.9% pace for August measured year-on-year, the same level as in July. The cut-off date for the PPI data for the month was August 15, well before the back-to-back hurricanes Harvey and Irma struck. Prices at the gas pump were rising before the oil refiners were sidelined by Harvey.