#CNN US wholesale inflation rose last month at the fastest pace in three years

US wholesale inflation rose last month at the fastest pace in three years
US inflation on the wholesale level picked up steam in July, with prices rising by the fastest monthly pace since June 2022, new data showed Thursday.

The latest Producer Price Index, which measures the average change in prices paid to producers, jumped 0.9% from June, lifting the annual rate to 3.3%, according to Bureau of Labor Statistics data. #CNN #News

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