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Inflation Nation: Philly Fed Price Increases Hit Highest Since 1980

Photo by Drew Angerer/Getty Images



Inflationary pressures jumped to levels not seen since the high inflation years of the early 1980s, the Philadelphia Federal Reserve’s survey of manufacturing businesses showed Thursday.

The Philly Fed said the prices-paid component of its monthly manufacturing index rose 7.7 points to 76.8 in May, a big jump for the index and the highest level since March 1980.

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