US PRODUCER PRICES POST LARGEST GAIN IN 4-1/2 YEARS; EXPENSIVE GASOLINE BOOSTS RETAIL SALES

US producer prices increased by the most in 4-1/2 years in September amid rising costs for goods and services, the latest indication of inflation broadening out beyond energy products.

The report from the Labor Department ​on Thursday also showed fairly large rises last month in key components that go into the calculation of the main inflation measures tracked by the Federal Reserve for its 2% target, leading some economists to still anticipate ‌another interest rate increase this month.

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