US wholesale inflation pops in May on rising fuel prices

By —— Bio and Archives--June 13, 2018

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Washington (AFP) – A jump in fuel prices drove US wholesale inflation in May to its highest level in more than six years, signaling inflation may continue to rise, according to government data Wednesday.

Meanwhile, wholesale prices for US-milled steel had the biggest monthly increase in seven years, a sign the steep metal tariffs President Donald Trump imposed in March may already be feeding into inflation.—More…


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