Wholesale prices surge again in sign U.S. inflation is unlikely to ease quickly

MarketWatch/Jeffry Bartash/2-16-2023

“U.S. wholesale prices jumped 0.7% in January to mark the biggest gain since last summer, offering further proof that inflation is sticky and unlikely to decline rapidly. Economists polled by The Wall Street Journal had forecast a 0.4% increase.”

USAGOLD note: More surprising news on the inflation front (for those who ignore the connectionn between money creation and inflation.)

Producer Price Index
(%, Monthly)Chart courtesy of TradingEconomics.com • • • Click to enlarge