U.S. producer prices increase solidly in August
The producer price index accelerated 0.7% for the month, above the 0.6% Dow Jones estimate. On a year-over-year basis, the gauge rose 8.3%, which is the biggest annual increase since 2010. The data comes amid heightened inflation fears fed by supply chain issues, a shortage of various consumer and producer goods.BIAS COVERAGE DISTRIBUTION
U.S. Producer Prices Increased in August by More Than Forecast
(Bloomberg) -- Prices paid to U.S. producers increased in August by more than forecast as persistent supply chain disruptions squeeze production costs higher. The producer price index for final demand increased 0.7% from the prior month and 8.3% from a year ago, a fresh series high, Labor Department data showed Friday. Excluding the volatile food and energy components, the so-called core PPI advanced 0.6%, and was up 6.7% from August of last yea…
U.S. producer prices increase solidly in August
U.S. producer prices increased solidly in August, indicating that high inflation is likely to persist for a while, with supply chains remaining tight as the COVID-19 pandemic drags on.
Record 8.3% surge in wholesale prices points to persistent inflation threat
Wholesale prices soared 8.3% in August from a year ago, the biggest annual gain since the Labor Department began tracking the inflation data in 2010 and another potential sign of trouble for President Biden’s big-spending agenda.
US producer prices jump an unprecedented 8.3% in August
Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010
August wholesale prices rise 8.3% on an annual basis, biggest advance on record
The producer price index for final demand products was expected to increase 0.6% in August, according to economists surveyed by Dow Jones.
US producer prices jump an unprecedented 8.3% in August
WASHINGTON (AP) — Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.
Wholesale Prices Hit Recorded 8.3% High In August
Wholesale prices rose 8.3% in August, the Labor Department reported on Friday. This marks the biggest producer price annual increase since 12-month data was first collected in 2010. The new figure comes after the previous record of 7.8% was set in July. The producer price index for final demand rose 0.7% outpacing the anticipated 0.6% projected by the Dow Jones, the number also falls below the 1% July increase, CNBC reported.
U.S. Producer Prices Increased in August by More Than Forecast
(Bloomberg) — Prices paid to U.S. producers increased in August by more than forecast as persistent supply chain disruptions squeeze production costs higher.
U.S. producer prices jump an unprecedented 8.3% in August
WASHINGTON >> Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.
US producer prices jump an unprecedented 8.3% in August
By PAUL WISEMAN AP Economics WriterWASHINGTON (AP) — Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010. The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7% last month after increasing 1% in both June and July. Inflation has been s…
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