Ben Casselman: Supercore service prices rise 0.5 percent in latest data

Ben Casselman: Supercore service prices rise 0.5 percent in latest data
Supercore service prices see fresh gains

Ben Casselman reports that so-called supercore prices, which cover services excluding energy and housing, increased by 0.5 percent month over month and 3 percent year-over-year.

He adds that this metric has been closely monitored by Federal Reserve policymakers, and the latest figures are unlikely to be well received.

Casselman previously reported that job losses continued in information and financial services in August. However, he noted that professional services saw growth during the same period. These developments reflect uneven conditions across different sectors.

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