U.S. wholesale inflation declines in August to still-high 8.7% 

PRESIDENT JOE BIDEN speaks about the Inflation Reduction Act of 2022 during a ceremony on the South Lawn of the White House in Washington, Tuesday. Inflation at the wholesale level jumped 8.7% in August from a year earlier, a slowdown from July yet still a painfully high level that suggests prices will keep spiking for months to come. ANDREW HARNIK / ASSOCIATED PRESS
WASHINGTON (AP) – Inflation at the wholesale level jumped 8.7% in August from a year earlier, a slowdown from July yet still a painfully high level that suggests prices will keep spiking for months to come.  Wednesday's report from the Labor Department also showed that on a month-to-month basis, the producer price index — which…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display