The cost of doing business in the US is getting increasingly pricier: Wholesale-level inflation accelerated last month to its highest rate in nearly four years, Bureau of Labor Statistics data showed Friday.
Ugh. Latest inflation numbers just came out, and it's still running hot, and hotter than most expected. One hopes inflation starts returning to normal, but that's a hope right now, not a reality.
Monthly change of 0.4% (headline) and 0.3% (core), was 0.1 points above consensus.