An increase of 0.8 percent in the Producer Price Index for the month of September suggests inflationary prices in the U.S. remain a concern. Predictions for the month called for a PPI increase of only 0.2 percent but sharp hikes in the price of gasoline, food, and automobiles pushed the index much higher than expected.
Ã¢â‚¬Å“With the slowdown in global economic activity, itÃ¢â‚¬â„¢s hard to make the case that prices will accelerate more meaningfully from here,Ã¢â‚¬Â said Tom Porcelli, chief U.S. economist at RBC Capital Markets Corp. in New York, who correctly projected the increase in core prices.
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