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January 14, 2022

Wholesale prices jumped a record 9.7% in 2021

  • The PPI did slow, on a monthly basis, in December.
    • By MARTIN CRUTSINGER
    AP Economics Writer

    WASHINGTON — Prices at the wholesale level surged by a record 9.7% for all of 2021, setting an annual record and providing further evidence that inflation is still present at all levels of the U.S. economy.

    The Labor Department reported Thursday that its producer price index, which measures inflation before it reaches consumers, did slow on a monthly basis, rising just 0.2% in December compared with November, when prices had shot up 1%.


     
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