CNN —
Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023, according to new data released Friday.
On the surface, the jump in PPI appears to be an unwelcome development for the US economy and the fight to rein in high inflation — and it appears especially jarring landing one day after the BLS announced that consumer prices fell on a monthly basis for the first time in four years.
However, economists caution that monthly data — and especially the category that drove PPI higher in June — can be
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