US Producer Prices Jump an Unprecedented 8.3% in August

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Inflation at the wholesale level climbed to eight point three percent last month it's the biggest annual gain since the labor department started calculating the twelve month number in two thousand ten the producer price index which measures inflationary pressures before they reach consumers rose seven tenths of a percent in August after full one percent increases in both June and July when compared with August of twenty twenty prices were eight point three percent higher core prices which exclude the volatile food and energy categories also rose to slightly less six tenths of a percent from July and six point seven percent from a year earlier inflation has been stirring as the economy recovers from the coronavirus recession with supply chain bottlenecks and a worker shortage pushing prices higher Ben Thomas Washington

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