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Inflation Hits Record High in Kansas City Fed Manufacturing Index

Photo by Drew Angerer/Getty Images



Inflationary pressures on goods manufactured in central U.S. rose to a record level in August, according to a survey from the Federal Reserve Bank of Kansas City released Thursday.

The Kansas City Fed’s index for prices received jumped to a seasonally adjusted 61 from July’s 52, the previous record high. Fifty-nine percent of manufacturers surveyed said they were increasing prices, 42 percent said they had not changed their prices in the month, and none reported lower prices.

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