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August Producer Price Rise Disappoints, Despite Gasoline, Consumer Loan Cost Surge

Despite significant acceleration year-over-year – thanks to a 9.5% surge in gasoline costs – producer price appreciation in August disappointed expectations. PPI Final Demand YoY accelerated from 1.9% to 2.4% (but fell below the 2.5% expectation), rising only 0.2% MoM.

The corest of the core PPI remained below The Fed’s mandated inflation target for the second straight month… …

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