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Bidenflation: Prices Soar Twice as Fast as Expected
3 years ago
1
Data from the Department of Labor showed Tuesday, prices jumped a solid one percent in January, far more than expected.
The Producer Price Index, which measures what businesses are paid for goods and services, rose by one percent in January, twice what economists were expecting. Compared with January of last year, the index is up 9.7 percent, down slightly from the 9.8 percent year-over-year gain recorded for December.
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