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January 19, 2023

Wholesale inflation slowed in December

WASHINGTON (AP) — Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth straight monthly slowdown and a hopeful sign that inflation pressures will continue to cool.

The latest year-over-year figure was down from 7.3% in November and from a recent peak of 11.7% in March. On a monthly basis, the producer price index, which measures costs before they reach consumers, dropped 0.5% from November to December.


 
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