Quantcast
erienewsnow.com 13 Jan, 2022 15:45 am

Another key inflation measure hit a record high - Erie News Now

Another key inflation measure hit a record high - Erie News Now
By Anneken Tappe, CNN Business

Stripping out prices for food, energy and trade services, which measures the changes in margins received by wholesalers and retailers, the inflation index rose 6.More than half of the price increases for services came on the back of higher prices for trade services.News Another key inflation measure hit a record high Thursday, January 13th 2022, 8:44 AM EST Updated: Thursday, January 13th 2022, 8:59 AM EST By Anneken Tappe, CNN Business A key inflation measure climbed to a record high in 2021, as pandemic price hikes just aren't going away.The US producer price index, which tracks what America's producers get paid for their goods and services on average over time, rose 9.

In December alone, the PPI data followed a similar pattern as the consumer price index that came out Tuesday: Prices still rose in December, but at a much slower pace than in the previous months.The-CNN-Wire ™ & © 2022 Cable News Network, Inc.

Read full story at erienewsnow.com