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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.
2 months ago|Washington, United States

BIAS COVERAGE DISTRIBUTION

16 of these news sources are bias rated
10 are CENTER
L 27%
C 60%
13%
abc News
Star Advertiser
Bloomberg
Las Vegas Sun
+1
Reuters
CNBC
Associated Press News
IBTimes
+7
Washington Times
Financial Post
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Yahoo News
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…

2 months ago|Los Angeles, United States
Reuters
ReutersC

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.

2 months ago|United Kingdom
Washington Times
Washington TimesR

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.

2 months ago|Washington, United States
abc News
abc NewsL

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

2 months ago|United States
CNBC
CNBCC

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.

2 months ago|United States
Associated Press News
Associated Press NewsC

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.

2 months ago|United States
IBTimes
IBTimesC

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.

2 months ago|United States
Financial Post
Financial PostR

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. 

2 months ago|Canada
Star Advertiser
Star AdvertiserL

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.

2 months ago|Honolulu, United States
KVIA
KVIA

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…

2 months ago|
COVERAGE DETAILS

BIAS COVERAGE DISTRIBUTION

16 of these news sources are bias rated
10 are CENTER
L 27%
C 60%
13%
abc News
Star Advertiser
Bloomberg
Las Vegas Sun
Reuters
CNBC
Associated Press News
IBTimes
Al Jazeera
The Globe & Mail
MarketWatch
Denver 7 News
NY1
WPXI
Washington Times
Financial Post
Total News Sources29Leaning Left4 sourcesLeaning Right2 sourcesCenter10 sourcesLast Updated2 months ago
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