Business briefs

NEW YORK—AT&T and WarnerMedia are joining the ever-expanding list of companies offering a streaming video service.

They say the service due to launch in late 2019 will include films, TV shows, documentaries, animation and other offerings. No pricing was announced.

It’s the second product AT&T has unveiled since its $81 billion acquisition in June of Time Warner, which it renamed WarnerMedia. That same month it launched WatchTV, a cablelike package of more than 30 TV channels delivered over the internet.

More people are switching to streaming video from traditional cable bundles. Other streaming services include Netflix, Hulu, HBO Now, CBS All Access, Showtime, Amazon, YouTube Premium and others. And Disney is set to launch its own service later next year as well.

While details about the service have not been announced, WarnerMedia has media properties including HBO, which offers its own stand-alone streaming service that carries popular shows like “Westworld” and” Game of Thrones.” Other properties include Warner Bros. movie studio, D.C. Comics and Turner Broadcasting. WASHINGTON—U.S. wholesale prices rose a mild 0.2 percent last month, held down by lower food and energy costs, suggesting that inflation remains in check despite the economy’s robust growth.

The Labor Department said Wednesday that its producer price index—which measures inflation before it reaches consumers—rose 2.6 percent compared with a year earlier, the smallest increase since January. Wholesale prices rose in September after two months of flat or declining readings.

Excluding the volatile food and energy categories, core wholesale prices rose 0.2 percent in September and 2.5 percent from a year earlier.

Inflation has crept higher this year, eroding the value of Americans’ paychecks. Yet core prices remain close to the Federal Reserve’s target of 2 percent and have yet to show signs of rapid acceleration.

There were some signs of rising costs in Wednesday’s report: Transportation and warehousing prices rose 1.8 percent, the largest monthly gain in nearly nine years. The increase was mostly driven by higher wholesale prices for airline tickets, which jumped 5.5 percent, the biggest increase in a decade.

Wholesale food costs fell 0.6 percent last month and gas prices dropped 3.5 percent, declines that could lower consumer prices in the coming months.