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US wholesale prices jump 6.3%, biggest rise since 2022
Original: Wholesale prices jumped 6.3% annually in September, biggest gain since 2022
US wholesale prices rose 6.3% annually in September, the largest annual gain since 2022, according to a CNBC report. The figure signals renewed pressure on producer costs and could feed through to consumer prices, reviving debate about inflation and the outlook for interest rates. Markets and analysts are watching whether the uptick is temporary or the start of a broader reacceleration.
Why now: The sharpest wholesale inflation reading in roughly three years raises concerns that price pressures are building again, with implications for Federal Reserve policy.
Federal ReserveUnited StatesCNBC
Evidence
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