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January 15, 2025

Producer prices up 0.2% in December

WASHINGTON (AP) — U.S. wholesale inflation rose last month on higher energy prices.

The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before. Compared to a year earlier, producer prices rose 3.3%, biggest jump since February 2023 and up from a 3% gain in November.


 
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