Published 3 years ago

U.S. producer prices increase solidly in August

Summary by Ground News

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.

0 Articles

All

Left

Center

Right

Yahoo News

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…

3 years ago·Los Angeles, United States

Read Full Article

Reuters

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.

3 years ago·United Kingdom

Read Full Article

Associated Press News

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.

3 years ago·United States

Read Full Article

abc News

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

3 years ago·United States

Read Full Article

Washington Times

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.

3 years ago·United States

Read Full Article