U.S. wholesale prices rose record 8.6% over 12 months

THE U.S. LABOR DEPARTMENT reported Thursday Oct. 14, that the monthly increase in its producer price index, which measures inflationary pressures before they reach consumers, was 0.5% for September compared to a 0.7% gain in August. / AP FILE PHOTO/MATT ROURKE
WASHINGTON (AP) – Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010. The Labor Department reported Thursday that the monthly increase in its producer price index, which measures inflationary pressures before they reach consumers, was 0.5% for September…

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