Wholesale inflation rose more slowly in July

Wholesale inflation rose more slowly in July

WASHINGTON (AP) — Inflation at the wholesale level jumped 9.8% in July from a year earlier, a slowdown from the June pace yet still a painfully high level suggesting that rampant inflation will persist for months to come.
Thursday’s report from the Labor Department also showed that on a month-to-month basis, the producer price index — which measures inflation before it reaches consumers — dropped…

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