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September 01, 2020 1:20pm
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Wholesale inflation jumps to highest level since April 2023

The Labor Department on Thursday released the closely watched producer price index data, revealing just how hot wholesale inflation ran last month.

The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.2% in March from the previous month. On an annual basis, prices remain up 2.1%, the largest yearly advance since April 2023.

This is a developing story. Please check back for updates.

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