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Texas Manufacturers Are Boosting Wages as Inflation Pressures Rise

Texas manufacturing activity continued to expand in November. So did inflationary pressures. 

A measure of raw materials prices jumped to a record high in November while a gauge of wages and benefits neared a series high, according to a survey of 95 Texas manufacturers released Monday by the Federal Reserve Bank of Dallas. The overall factory activity measure eased slightly, though it remained elevated as indexes of production and new orders rose.