U.S. producer prices jump an unprecedented 8.3% in August

Paul Wiseman

09/10/2021

Autos-Plant Shutdowns — THE U.S. PRODUCER price index increased 8.3% year over year in August, the largest annual gain since the Labor Department started calculating the 12-month number in 2010. / AP FILE PHOTO/JEFF ROBERSON

WASHINGTON (AP) – Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010. The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7% last month from…

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