Interior view of a Costco store on August 18, 2020 in Teterboro, New Jersey. On Thursday, Costco Wholesale (COST) stock hit into the 90-plus percentile with an improvement to 93, up from 89 the day before.
Kena Betancur | Corbis News | Getty Images
Inflation at the wholesale level rose more than expected in August, countering recent data showing that price increases have tempered lately.
The producer price index, a measure of what producers get for their goods and services, increased a seasonally adjusted 0.7% in August and 1.6% on a year-over-year basis, the U.S. Department of Labor reported. That monthly gain was above the Dow Jones estimate for a 0.4% rise and was the biggest…