Business

Wholesale Inflation Unexpectedly Rises at Fastest Pace in 3 Months

Services drive the acceleration in producer inflation.
Wholesale Inflation Unexpectedly Rises at Fastest Pace in 3 Months
Truckers transport cargo in the Port of Long Beach, Calif., on Nov. 29, 2023. John Fredricks/The Epoch Times
Andrew Moran
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Producer inflation unexpectedly rose in December at its fastest pace in three months, according to new data from the Bureau of Labor Statistics released on Jan. 30.

The December Producer Price Index (PPI) rose 0.5 percent, from the previous month’s 0.2 percent.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."