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US PRODUCER PRICES SURPRISE WITH LARGEST INCREASE IN FOUR YEARS

  • NEWS Desk Global
  • May 13
  • 1 min read

U.S. producer prices posted their biggest increase in four years in April, boosted by soaring costs for goods and services, the latest sign of accelerating inflation amid the war with Iran.

The stronger-than-expected rise in the ​Producer Price Index reported by the Labor Department on Wednesday presented President Donald Trump with a political headache at home as he arrived in Beijing for meetings with China's leader.

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