Prices that producers get for final demand goods and services surged in August at their highest annual rate since at least 2010, the Labor Department reported Friday.
The producer price index rose 0.7% for the month, above the 0.6% Dow Jones estimate though below the 1% increase in July.
On a year-over-year basis, the gauge rose 8.3%, the biggest annual increase since records have been kept going back to November 2010.
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