January Sees U.S. Wholesale Prices Increase, Highlighting Ongoing Inflation Challenges Wholesale inflation in the U.S. experienced an uptick in January, indicating persistent inflationary pressures within the economy. According to the Labor Department, the producer price index, which measures inflation at the wholesale level before it impacts consumers, increased by 0.3% from December to January, reversing a slight decline from the previous month. Year-over-year, this index saw a moderate rise of 0.9% in January. The ongoing issue of inflation has become a significant concern for the public and is playing a critical role in President Joe Biden’s re-election campaign. Despite measures of inflation decreasing from their peak and approaching the Federal Reserve’s target, the average prices remain significantly higher than when President Biden assumed office, with a roughly 19% increase, causing frustration among many Americans. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Dollar eases as market awaits key inflation data READ MORE Gold ETFs Wane Despite Highs: A Glimmer of Hope on the Horizon? READ MORE Towards Global De-dollarization: Iran Advocates for BRICS Digital Currency in 2024 READ MORE The Deadline To Turn in Your Gold – May 1st, 1933 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment