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US Producer Price Index Rises Most in Three Months on Energy Costs

Source: Bloomberg

InflationEconomic DataLabor Market

US producer prices rose 0.4% month over month and 5.4% year over year in August, signaling persistent pipeline inflation pressure. Initial jobless claims fell 1,000 to 206,000 in the week ended September 5, indicating a still-tight labor market. The combination could reinforce concerns that inflation may remain elevated and constrain monetary easing.

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