Tuesday, October 19, 2021

U.S. wholesale prices rose record 8.6% over 12 months

WASHINGTON – Wholesale inflation rose 8.6% in September year-over-year, with the largest increase since a 12-month change first calculated in 2010.

The Labor Department said Thursday that the monthly rise in its producer price index, which measures inflationary pressures before they hit consumers, was 0.5% in September, compared with a 0.7% increase in August.

An 8.6% increase in the 12 months ended September, compared with an 8.3% increase in the 12 months ended August, the previous record 12 months.

On Wednesday, the government said retail-level inflation rose 0.4% in September and CPI rose 5.4% in the past 12 months, the fastest pace since 2008.

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