Producer Prices Soar a Record 8.3% as Bidenflation Runs Hotter Than Expected

Prices charged by U.S. businesses jumped higher than expected in August, data from the Department of Labor said Friday. The Bureau of Labor Statistics’ Producer Price Index rose 0.7 percent compared with July. Compared with a year ago, the index is up 8.3 percent, the fastest pace of price increases in data going back to 2010.-- More...