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U.S. Producer Prices Post the Biggest Annual Gain Since 2010, Fanning Inflation

  • PPI climbs 9.6% from year earlier, most in data to 2010
  • Labor Department data show broad advance in goods, services
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U.S. Producer Prices Rise by More Than Expected
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Prices paid to U.S. producers posted a record annual increase of almost 10% in November, a surge that will sustain a pipeline of inflationary pressures well into 2022.

The producer price index for final demand increased 9.6% from a year earlier and 0.8% from the prior month, Labor Department data showed Tuesday. Both advances topped economists’ forecasts.