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 Goldman Sachs: Bullish Outlook on Copper, Gold, and Oil READ MORE Middle East Tensions Propel Gold and Silver Prices READ MORE Treasury Secretary Yellen: Debt Burden Sustainable at Current Levels READ MORE Gold Soars to All-Time High as Dollar Weakens and Rate Cut Hopes Grow READ MORE Fed Chair Powell: Labor Market 'Fully Back in Balance' READ MORE Add a Comment Cancel replyYour email address will not be published.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