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Wholesale prices rise 0.3%, but inflation not the worry now

By MARTIN CRUTSINGER, AP Economics Writer
Published: November 13, 2020, 8:29am

WASHINGTON — U.S. wholesale prices rose moderately in October as food costs jumped by the largest amount in five months.

The Labor Department reported Friday that its producer price index, which measures inflation pressures before they reach the consumer, increased 0.3% last month, slightly lower than the 0.4% gain in September.

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