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US PPI increased by 0.2%

The Producer Price Index for final demand advanced 0.2 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices edged down 0.1 percent in July and moved up 0.1 percent in June. (See table A.) On an unadjusted basis, the final demand index increased 2.4 percent for the 12 months ended in August.

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UK CPI increased to 2.7%

The Consumer Prices Index including owner occupiers’ housing costs 12-month inflation rate was 2.7% in August 2017, up from 2.6% in July 2017. Rising prices for clothing and motor fuels were the main contributors to the increase in the rate between July and August 2017. Air fares also rose between July and August but the rise was smaller than between the same two months a year ago and so resulted in a partially offsetting, downward contribution. The Consumer Prices Index (CPI) 12-month rate was 2.9% in August 2017, up from 2.6% in July 2017.

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China's CPI up more than expected

China's consumer inflation rose to a seven-month high, as falls in food prices softened, dragging less on the overall index, official data showed Saturday. China's consumer-price index increased 1.8% in August from a year earlier, compared with a 1.4% gain in July, the National Bureau of Statistics said. Food prices edged down 0.2% on year, after dropping 1.1% in July. Nonfood prices grew 2.3% on year, compared with 2.0% on-year growth in July.

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Eurozone PPI unchanged in July

In July 2017, compared with June 2017, industrial producer prices remained stable in the euro area (EA19), while they rose by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2017 prices decreased by 0.2% in the euro area and by 0.3% in the EU28. In July 2017, compared with July 2016, industrial producer prices rose by 2.0% in the euro area and by 2.3% in the EU28.

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