Wholesale Prices See Biggest Annual Surge on Record, Adding to Broader Inflation Woes

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Wholesale prices rose at their fastest annual pace on record in November, with the newest inflation-related datapoint adding to broader concerns about the persistence of elevated prices as higher input costs for producers tend to trickle down to consumers.

The Labor Department said in a Dec. 14 statement that, for the 12 months ending in November, the final…

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