英语文摘：U.S. wholesale inflation remains tame in Sept.

WASHINGTON, Oct. 14 (Xinhua) -- U.S. wholesale prices rose by a modest 0.4 percent in September, despite a spike in food prices, U.S. Labor Department figures revealed Thursday.

The growth of the Producer Price Index (PPI) in the United States was the same as that in August. In the 12 months ended September 2010, wholesale prices advanced 4 percent, their 11th straight year-on-year spike.

Excluding the volatile food and energy sectors, core wholesale prices ticked up 0.1 percent in September, the same as in August.

Economists believe that inflation remains no problem at the moment because of downward pressure on wages and prices as a result of the recession.

They also contend that the subdued inflation pressure gives the U.S. Federal Reserve room to keep interest rates low and take further quantitative easing moves to boost the faltering economic recovery.