Wholesale prices in the United States rose 0.2 percent in December, with total prices skyrocketing 9.7 percent in 2021, the highest 12-month period on record going back to 2010, according to the producer price index (PPI).
This was at half the 0.4 percent Dow Jones estimate, but consumers are still feeling the pinch, with inflation running nearly at a 40-year high, according to a Jan. 13 Labor Department report.