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U.S. Supplier Prices Increased in September, Maintaining Pressure on Inflation
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U.S. suppliers raised their prices in September after cutting them the prior two months, possibly indicating some inflation pressures are picking up again.
The producer-price index, which measures the prices that suppliers are charging businesses and other customers, rose a seasonally adjusted 0.4% last month compared with a revised 0.2% decrease in August, the Labor Department said on Wednesday. Higher food prices and home-heating costs drove the increase.
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