Wholesale Prices Rise More Than Expected, Suggesting Inflation Stuck in High Gear
By Tom Ozimek After hotter-than-expected retail inflation data sent stocks plunging earlier this week, a measure of wholesale inflation has also come in higher than markets expected, fanning fears that inflationary pressures are making a comeback. The Producer Price Index (PPI), which measures prices received by producers of goods and services, rose 0.3 percent month over month in…
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