Producer prices soar 7.8% annually in July, most on record
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FOOD AND ENERGY
Core producer prices, which exclude food and energy, rose 1% in July, double the 0.5% gain that was expected. Core prices climbed 6.2% annually, compared to the 5.6% increase that was forecast. The year-over-year increase was the largest since the data series began in August 2014. (THIS EXCLUDES FOOD AND ENERGY, GOODGOD!!)
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