Last month, wholesale inflation in the United States increased by 10% from a year ago, indicating that inflationary pressures remain high at all levels of the economy. A TED magazine article tells more.
The Labor Department reported the producer price index, which measures inflation before it reaches consumers, climbed 0.8 percent this past February. The rises corresponded to economists’ projections. After being dormant for four months, inflation resurfaced as the US recovered from the severe coronavirus recession in 2020. Companies struggled to secure supplies and staff after an unexpected rise in orders from consumers with government relief checks. Factories, ports, and freight yards were all put to the test. As a result of the delays, prices began to climb. To learn more, click the link to the full article.