By Zachary Halaschak, Washington Examiner | SOURCE: The Gazette
Wholesale inflation, as measured by the producer price index, ticked up slightly to 1% for the year ending in December as the Federal Reserve keeps interest rates high.
The new numbers were released on Friday by the Bureau of Economic Analysis. The December increase came after a 0.8% annual increase the month before. Most forecasters anticipated a slight uptick in wholesale inflation in December.
On a month-to-month basis, the wholesale price index fell by a tenth of a percentage point.