Wholesale Inflation Moderates

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Prices at the wholesale level rose moderately in January as a big drop in gasoline costs helped to offset price increases in other areas.


The Labor Department reported that wholesale inflation rose by 0.3 percent in January, just half the 0.6 percent surge in December, reflecting a calming of energy prices. However, core inflation, which excludes volatile energy and food prices, jumped by 0.4 percent in January, the biggest one-month rise in a year.


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