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Diesel hike raises US shipping and food prices
Diesel prices in the United States have risen sharply, leading to increased costs for transportation, agricultural products, and food. The Producer Price Index for freight transport by truck rose by 19% year-over-year in September, marking the highest rate in over four years. Food input costs also increased by 15.6%, with feed prices surging by more than 25%, likely resulting in a forthcoming rise in the prices of food and groceries. These increases are also expected to impact consumer goods and celebration supplies, due to inflationary pressures driven by higher fuel and diesel prices.
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