Wholesale prices surged nearly 10% last year — their biggest increase in more than a decade — but notched a smaller-than-expected gain during the final month, sparking hopes that the worst of inflation could be behind the US economy.
The PPI is a key economic indicator that is used to calculate real growth by adjusting revenue sources for inflation.It evaluates the output of US-based producers in industries such as manufacturing, agriculture, natural gas, electricity, and scrap materials.
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