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US: Annual PPI Surges to 8.3% in August

Adel 10 September, 2021 4:49 pm Market Update

The Producer Price Index (PPI) in the US for final demand rose to 8.3% on a yearly basis in August from 7.8% in July, the US Bureau of Labor Statistics announced on Friday. This reading came in higher than the market expectation of 8.2%.

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