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Producer Price Inflation Hits New Record High, Pricing Pressures Near ’70s Peak

Producer Price Inflation Hits New Record High, Pricing Pressures Near ’70s Peak After CPI’s “transitory”-narrative-busting rebound, analysts expected Producer Prices to accelerate even further into record territory and it did – jumping 0.5% MoM to a new record 8.6% YoY. Bothe prints were modestly below the expected levels (+0.6% MoM and +8.7% YoY respectively)… Source: […]

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