US wholesale prices shoot up 3.4 percent over past year

By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — U.S. wholesale prices rose 0.3 percent in June, a slight slowing from May. But the 12-month gain was the fastest in more than six years, adding to evidence that inflation is beginning to rise after years of weak price gains. The Labor Department said Wednesday that the … Continue reading US wholesale prices shoot up 3.4 percent over past year