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US wholesale inflation surprisingly steep in August — biggest jump in 14 months

Por: New York Post Business September 14, 2023

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US wholesale inflation rose a hotter-than-expected 0.7% in August — the biggest advance in 14 months. The Producer Price Index — a measure of what prices domestic producers receive for their output — experienced a seasonally-adjusted monthly advance well above Dow Jones’ 0.4% estimate. The August increase is the largest increase US producers have seen since June 2022, when the rate peaked at 0.9%. The PPI increased 1.6% on a... + full article



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