US producer prices unexpectedly fell in August, government data showed Wednesday, driven in part by a pullback in energy and trade — and prompting President Donald Trump to renew calls for lower interest rates.

The producer price index (PPI) dipped 0.1 percent on a month-on-month basis, according to Department of Labor data — when analysts had expected a 0.3-percent increase.

The last such monthly decrease was seen in April, and compared with a year ago, PPI was up 2.6 percent, cooling from July’s figure as well.

“Just out: No Inflation!!!” Trump wrote on his Truth Social platform shortly after the data was published.

He reiterated his calls for Federal Reserve Chair Jerome Powell to lower rates “right now,” calling the central bank chief “a total disaster.”

The numbers come as policy

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