Higher Producer Prices in the USA

Producer prices in the USA rose as expected by 1.7 percent in annual terms in August according to a report from the US Department of Labor.

In July, prices rose by 2.1 percent, according to a revised figure.

In monthly terms, producer prices rose slightly more than expected, by 0.2 percent in August. Analysts had expected 0.1 percent according to Bloomberg's compilation.

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USA USA:s arbetsmarknadsdepartement

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TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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US Consumer Prices Rise More Than Expected, Fueling Rate Hike Concerns

Consumer prices in the United States rose more than expected in October, according to fresh figures from the US Labor Department. Interest rates are rising, and stock prices are turning negative in futures trading on Wall Street after the figures, which increase the likelihood of interest rate hikes by the US central bank, the Federal Reserve (Fed).

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