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Producer Prices Surge At Fastest Rate In Over 5 Years (Thanks To Hurricane Harvey)

zerohedge.com / by Tyler Durden / Oct 12, 2017 8:42 AM

Great news America – your standard of living just dropped little more as producer prices rose by 2.6% YoY in September, the fastest rate of increase since Feb 2012 – driven by a surge in energy prices.

Some highlights:

  • Final demand producer prices rose 0.4% in September (as expected)
  • Final demand ex food, energy rose 0.4% m/m vs est. up 0.2%
  • Final demand rose 2.6% y/y, matching estimate

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