Wholesale Prices Surge, Inflation Looms
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. wholesale prices surged in January, exceeding economist expectations, with core prices rising even more. Energy costs decreased, but higher service prices, driven by stronger retailer and wholesaler profit margins, led the increase. This comes as consumer prices also rose, nearing the Federal Reserves target. Economists monitor these numbers for early signs of consumer inflation and their impact on the Feds preferred inflation gauge.
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