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HomeeconomyProducer inflation accelerated in August, as wholesale prices rose record 8.3% from...

Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago

  • The producer price index increased 0.7% in August from a month ago, above the 0.6% Dow Jones estimate.
  • Final demand prices rose 8.3% from a year ago, the biggest increase on record going back to 2010.
  • The move showed that inflationary pressures are likely to persist.

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