Wholesale prices jumped a record 9.7% in 2021 | www.WDIO.com

Wholesale prices jumped a record 9.7% in 2021

Prices at the wholesale level surged by a record 9.7% for all of 2021. Prices at the wholesale level surged by a record 9.7% for all of 2021. |  Photo: Ken Hammond / Wikimedia Commons

The Associated Press
Created: January 13, 2022 10:23 AM

WASHINGTON (AP) — Prices at the wholesale level surged by a record 9.7% for all of 2021, setting an annual record and providing further evidence that inflation is still present at all levels of the U.S. economy.

The Labor Department reported Thursday that its producer price index, which measures inflation before it reaches consumers, did slow on a monthly basis, rising just rose 0.2% in December compared to November, when prices had shot up 1%.

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The Associated Press

Copyright 2022 The Associated Press. All rights reserved.

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