Wholesale Prices Continue to Rise

Wholesale Prices Continue to Rise

According to the US Department of Labor’s Producer Price Index (PPI), wholesale prices increased for the seventh consecutive month in January.
Per Bloomberg, the proximate cause were the prices of crude oil and other raw commodities. Producers are expected to be able to pass along these price increases to their customers, though the Federal Reserve does not expect these price increases to result in a marked increase in consumer price inflation.

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