Salem Radio Network News Sunday, January 29, 2023

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Wholesale inflation in US further slowed in November to 7.4%

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( ) -q-22- UNDATED (Correspondent Jeremy House) “straining Americans’ finances.”

Wholesale prices in the United States rose 7.4% in November from a year earlier.

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TAG: Correspondent Jeremy House reporting. Several emerging trends have combined to slow inflation from the four-decade peak it reached during the summer.

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VERBATIM: The latest year-over-year figure was down from 8% in October and from a recent peak of 11.7% in March. On a monthly basis, the U.S. producer price index, which measures costs before they reach consumers, rose 0.3% from October to November for the third straight month. Rising prices are still straining Americans’ finances.

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