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Wholesale Prices in U.S. Rise More Than Forecast on Fuel

From bloomberg.com

Wholesale prices in the U.S. rose more than forecast in September, reflecting a jump in fuel costs that failed to trickle down to other goods. The producer price index climbed 1.1 percent after a 1.7 percent gain in August, the Labor Department reported today in Washington. The median estimate in a Bloomberg survey of 76 economists called for a 0.8 percent increase. So-called core producer inflation, which excludes volatile food and energy prices, was unchanged, the first time it didn’t increase since October 2011. Facing a global economic slowdown, businesses may have difficulty passing higher energy costs onto ... (full story)

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  • Category: High Impact Breaking News