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US producer prices rise 0.4% in August, matching expectations
The US Producer Price Index increased 0.4% in August, in line with the Dow Jones consensus forecast.
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Owen Mercer
Markets and Finance Editor
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Source: CNBC · View original source
Markets
US wholesale prices rose 0.4% in August, according to data reported by CNBC, matching the increase forecast by the Dow Jones consensus.
The result was measured by the Producer Price Index, which tracks producer-level inflation and wholesale prices.
The available report does not provide details on annual inflation, underlying components or the previous month’s result.
The data concerns prices faced by producers and should not be treated as a measure of consumer inflation. The available information also does not establish implications for monetary policy or broader markets.
