U.S. wholesale prices rose 0.3% in August 2020, just half the July gain, as food and energy prices decline.
(AP Photo/Nati Harnik, File)WASHINGTON โ U.S. wholesale prices surged by a record 1.3% in January, led by big gains in health care and energy prices.
The increase reflected 1.2% jump in health care services and a 5.1% rise in energy prices, the biggest gain since a 9% rise in June.
The January increase means wholesale prices rose by 1.7% over the past 12 months, the sharpest increase over a similar period on record.
Core inflation, which excludes volatile energy and food, rose 1.2% in January, and 2% over the past 12 months.