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Producer Price Gains Accelerated in June
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wsj.comU.S. suppliers’ price increases picked up in June and remained near historic highs as pressure from high energy prices persisted.
The Labor Department on Thursday said the producer-price index, which generally reflects supply conditions in the economy, increased to 11.3% on a 12-month basis in June. That marked its seventh consecutive double-digit gain, and compared with a revised 10.9% increase in May, and signaled upward price pressures continue to move through the economy.
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