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via wolfstreet.comEconomy

PPI inflation at 6.5%, the worst since 2022, amid upward revisions

FROM THE WIRE · WOLFSTREET.COM

Upward revisions pushed prior month-to-month PPI readings off the chart. Inflation in prices that businesses face – tracked by the Producer Price Index (PPI)...

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishProducer price pressure can push bond yields higher and weigh on equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Inflation in prices businesses face is 6.5%, the worst since 2022.
  2. 02Upward revisions pushed prior month-to-month PPI readings off the chart.
  3. 03The Producer Price Index tracks inflation in producer prices.

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