Wholesale Prices Surge at Fastest Monthly Rate Since 2022
The producer-price index increased by 0.9% last month, the Bureau of Labor Statistics said Thursday.
Economists surveyed by The Wall Street Journal were expecting PPI inflation of 0.2% month-over-month.
It was the largest monthly rise in more than three years.
The trend spanned sizable monthly increases for both wholesale goods prices, which rose 0.7%, and wholesale services prices, up 1.1%..
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The Hill
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