Wholesale inflation jumps record 9.6% over past 12 months

Wholesale inflation jumps record 9.6% over past 12 months

By MARTIN CRUTSINGER
WASHINGTON (AP) — Prices at the wholesale level surged by a record 9.6% in November from a year earlier, an indication of on-going inflation pressures
The Labor Department said Tuesday that its producer price index, which measures inflation before it reaches consumers, rose 0.8% in November after a 0.6% monthly gain in October. It was the highest monthly reading in four…

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