Record rise in U.S. wholesale prices over the past year

U.S. WHOLESALE PRICES, boosted by rising food costs, increased 0.8% in May 2021, and are up by a record amount over the past year, another indication that inflation pressures are rising since the economy has begun to re-open following the pandemic lockdowns. / AP FILE PHOTO LM OTERO
WASHINGTON (AP) – Wholesale prices, driven by rising food costs, increased 0.8% in May and by a unprecedented amount over the past year as the U.S. economy emerges from pandemic lockdowns and pushes inflation higher. The monthly gain in the producer price index, which measures inflation pressure before it reaches consumers, followed a 0.6% increase…

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