India, Oct. 15 -- Following yesterday's report on consumer price inflation, the Labor Department released a separate report on Thursday showing producer prices in the U.S. shot up by much more than expected in the month of September.
The Labor Department said its producer price index for final demand jumped by 1.3 in September after rising by an upwardly revised 0.5 percent in August.
Economists had expected producer prices to climb by 0.5 percent compared to the 0.4 percent increase originally reported for the previous month.
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