Wholesale prices in March increased by 11.2%, compared to 12 months earlier, the Labor Department said Wednesday.
The report also show the prices increased 1.1% from February to March.
The newly released numbers follow the agency saying Tuesday the price of consumer goods in March increased by 8.5%, compared to the same time last year, making the Consumer Price Index’s so-called “annualized rate” the highest since December 1981.
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