U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week. The Labor Department said Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.

India’s wholesale inflation declined to 1.31 percent in August compared with 2.04 percent in the previous month

U.S. wholesale prices showed a mild increase in August and reinforced the idea the rate of inflation is returning to low prepandemic levels. The producer-price index rose 0.2% last month, the government said Thursday.