US wholesale prices shoot up 3.4 percent in the past year

By: Martin Crustsinger Associated Press July 11, 2018

U.S. wholesale prices rose 0.3 percent in June, a slight slowing from May. The 12-month gain, however, was the fastest in more than six years, adding to evidence that inflation is beginning to rise after years of weak price gains. The Labor Department said Wednesday that the June increase in its producer price index — which ...

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US wholesale prices shoot up 3.4 percent in the past year

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