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Charting the global economy: Oil surge fans global inflation
In the US, hotter-than-expected consumer inflation and the biggest monthly increase in producer prices since May bolstered the case for a Federal Reserve rate hike next week.
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economictimes.indiatimes.com
US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
Wholesale inflation increased in August after cooling earlier this summer. Higher oil and gas prices, driven by Middle East conflict, are keeping costs elevated. This rise in…
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scmp.com
US producer inflation tops expectations as energy costs jump amid Iran war
The Producer Price Index was up 5.4 per cent year-on-year last month, a significant acceleration from the 4.8 per cent rise in July.
