Business

Wholesale inflation spiked to a record 9.6% in the past 12 months

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Wholesale prices rose to a record 9.6% in November from a year earlier, a sign that inflationary pressures are continuing. The Labor Department said the producer price index, which measures inflation before it reaches consumers, rose 0.8% in November compared to Octber, its highest monthly reading since June.

https://www.seattletimes.com/business/wholesale-inflation-jumps-record-9-6-over-past-12-months/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_business Wholesale inflation spiked to a record 9.6% in the past 12 months

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