WKYT | Lexington, Kentucky | News

Wholesale Inflation Takes Biggest Jump in 6 Months

WASHINGTON (AP) - The government says inflation at the wholesale
level surged unexpectedly in January, reflecting sharply higher
prices for gasoline and other energy products.
The Labor Department said Thursday that wholesale prices
increased by 0.8 percent last month, the biggest gain since last
July and sharply above the 0.2 percent increase that economists had
expected.
The acceleration was led by a 3.7 percent surge in energy prices
with gasoline prices jumping by 15 percent, the biggest gain in 14
months.


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