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Business US producer prices post biggest jump in 4-1/2 years in September
US producer prices post biggest jump in 4-1/2 years in September

US producer prices rose 1.3 per cent in September, the largest gain since March 2022, driven by surging energy and services costs. The annual rate climbed to 6.3 per cent, reinforcing expectations of another Federal Reserve rate hike this month.

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