Wholesale Inflation Surges Beyond Expected to 11.3% in June
Wholesale inflation surges beyond expectations to 11.3%. Experts thought it would go to 10.7%. The Labor Department said Thursday that its producer price index (PPI), which measures inflation at the wholesale level before it reaches consumers, climbed 11.3% in June from the previous year. On a monthly basis, prices grew by 1.1%. Both of those