US Service-Sector Cost Gauge Rises Again, Signaling Stronger Inflation Pressure

The Institute for Supply Management's services prices index, a gauge of cost burdens in the US service sector, has risen again, stoking concern about a renewed buildup in inflation pressure.

Cointelegraph, a digital-asset media outlet, reported on September 8 that the prices index recently resumed its climb.

The index measures changes in the prices service providers pay for inputs. A higher reading indicates a heavier cost burden for businesses.

The renewed increase in cost pressure across the service sector is being watched as a signal of further upside risk for US prices.