US wholesale inflation accelerated in January in latest sign that prices picked up last month

WASHINGTON — Wholesale prices in the United States accelerated in January, the latest sign that some inflation pressures in the economy remain elevated. The Labor Department reported Friday that its producer price index — which tracks inflation before it reaches consumers — rose 0.3% from December to January after having fallen -0.1% from November to December. Measured year over year, producer prices rose by a mild 0.9% in January. The figures follow a surprisingly hot report this week…

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