Key inflation reports this week are expected to show that prices accelerated again in August, though not in a way that would keep the Federal Reserve from reducing its benchmark interest rate at a meeting next week.

The Bureau of Labor Statistics is scheduled to release the producer price index for August on Wednesday, followed by the more closely watched consumer price index the next day.

Economists expect the reports to show monthly increases of 0.3% across the board, including the headline all-items indexes as well as the critical core readings that exclude volatile food and energy prices, according to Dow Jones.

If that is the case, it would push the annual headline CPI rate to 2.9%, the highest level since January, and further from the Fed's 2% target and up 0.2 percentage points f

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