Wholesale inflation climbs 10.8% in May, hovering near 40-year high - Fox Business

The producer price index, which measures inflation at the wholesale level before it reaches consumers, accelerated again in May, the Labor Department said on Tuesday.

Wholesale prices accelerated again in May as inflation tightened its stranglehold on the U.S. economy, adding to the financial pressure on millions of Americans.  The Labor Department said Tuesday t… [+3002 chars]

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