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18 October 2006
US core producer prises on the up
US inflationary pressures have resurfaced after a higher-than-expected rise in core producer prices.
Core factory gate prices, which exclude food and energy, rose 0.6% last month, topping analysts' predictions of a 0.2% jump and prompting US markets to fall.
Inflationary concerns had eased somewhat in recent months as crude oil prices fell back from record levels.
When energy costs are taken into account, producer prices fell 1.3% as gasoline costs slid 22% in September.
The full press release can be accessed via the following link to:
US Bureau of Labor Statistics
Economic Research Unit
Franklin + Andrews
eru@franklinandrews.com
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