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producer price index

US producer prices post biggest gain since 2009
World

US producer prices post biggest gain since 2009

  • A 1.3% rise in the prices of services accounted for two-thirds of the increase in the PPI. That was the biggest gain since December 2009 and followed a 0.1% drop in December.
  • Slack in the labor market remains excessive, with at least 20 million Americans on unemployment benefits.
Published 17 Feb, 2021 08:18pm
US producer prices post biggest gain since 2009
World

US producer prices post biggest gain since 2009

  • A 1.3% rise in the prices of services accounted for two-thirds of the increase in the PPI. That was the biggest gain since December 2009 and followed a 0.1% drop in December.
  • Slack in the labor market remains excessive, with at least 20 million Americans on unemployment benefits.
Published 17 Feb, 2021 08:18pm