Economics
IHS Price Gauges Rise to Records, Stoking U.S. Inflation Concern
- Composite prices paid and received measures accelerate
- Services index climbs to highest level since July 2014
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Measures of prices paid and charged by U.S. businesses advanced in March to fresh records as shortages of materials and disrupted supply chains added to inflation concerns.
Firmer demand allowed companies to pass on just some of the higher prices paid for commodities, according to IHS Markit data issued Wednesday that also showed a measure of services activity at its strongest since July 2014.