NATIONAL

Wholesale Inflation Over Past Year Jumps By Record Amount

0
A shopper guides a cart past a line of gigantic boxes of breakfast cereals in a Costco warehouse on Thursday, June 17, 2021, in Lone Tree, Colo. Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%. The Labor Department reported Wednesday, July 14 that the June increase in its producer price index, which measures inflation pressures before they reach consumers, followed a gain of 0.8% in May and was the largest one-month increase since January. (AP Photo/David Zalubowski)

(AP) — Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%. The Labor Department reported Wednesday that the June increase in its producer price index, which measures inflation pressures before they reach consumers, followed a gain of 0.8% in May and was the largest one-month increase since January. For the 12 months ending in June, wholesale prices are up 7.3%, the largest increase since the government began the current series on wholesale prices in 2010.

US Overdose Deaths Hit Record 93,000 In Pandemic Last Year

Previous article

TX GOP-Led Senate Passes Controversial Voting Bill

Next article

You may also like

More in NATIONAL