Inflation Surge: Wholesale Prices Spike 8.3% in August

Wholesale prices surged 8.3% year over year in August for a record fifth consecutive month of price increases. According to the U.S. Labor Department, producer prices rose 0.7% in August, slightly less than the 1% increase from the prior month but, still ahead of analyst expectations. Annualized, the producer price index jumped 8.3% on the … Continue reading Inflation Surge: Wholesale Prices Spike 8.3% in August