✉news BusinessEconomy first seen 4 d ago, last 4 d ago, peak #37
Wholesale inflation jumps most in four years on soaring gas prices
Original: Wholesale inflation jumped last month by most in four years as gas prices soared
US wholesale inflation recorded its largest monthly jump in four years, driven mainly by a surge in gas prices. The producer price data is raising fresh concerns about stubborn price pressures and could complicate expectations for interest rate cuts. Economists are watching whether energy costs keep feeding through to consumer prices.
Why now: Fresh inflation data points to renewed price pressure, with implications for consumers and Federal Reserve policy.
Evidence
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