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Producer prices rise 3.8% as consumer inflation accelerates to 0.8%

  • Producer price index increased 3.8%, exceeding economists’ 3.6% forecast.
  • Consumer prices rose 0.8% in August from a year earlier.
  • July’s 3.5% producer-price increase was the weakest in three months.

The producer price index increased 3.8%, exceeding economists’ forecast for a 3.6% gain and accelerating from July’s 3.5% increase, which was the weakest in three months. Consumer prices rose 0.8% in August from a year earlier, matching economists’ estimates in a Reuters poll and surpassing July’s 0.5% gain.

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