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US PPI Rises 0.4% in August as Energy Costs Rebound

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • producer prices increased 0.4% in August, matching forecasts as energy costs rebounded 4.2% amid U.S.-Iran tensions.
  • Annual PPI reached 5.4%.
  • Government methodology updates for components feeding into PCE inflation could trigger downward revisions to earlier 2024 core PCE inflation data.
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