U.S. producer prices increased slightly more than expected in August amid higher costs for services, but the trend remained consistent with subsiding inflation.

Goya Foods CEO Bob Unanue joins 'Fox & Friends' to react to the August producer price index report, arguing the inflation crisis is man-made as a result of the 'war on fossil fuels' and America's perceived 'weakness' around the world.

The producer price index for final demand increased 0.2% month-over-month (s.a.), more than the expected 0.1% growth.