A spike in gasoline prices that has since reversed itself drove a lot of the increase in the report, which had been delayed because of the government shutdown last year.
US wholesale inflation picked up slightly in November from a month earlier on a jump in energy costs, even as prices for services were unchanged.
Fresh readings on consumer and wholesale inflation showed prices remain sticky, underscoring expectations that Federal Reserve officials will not cut interest rates in the near term. Fed officials, ...
The cost of wholesale goods and services rose during the government shutdown and showed the persistence of inflation ...
Inflation is still rising, and households might be spooked from spending too much money during the holiday shopping season. The last piece of inflation data the Federal Reserve will see before its ...