(The Center Square) – Wholesale prices jumped a full percentage point in January and 9.7 percent over last year, the Bureau of Labor Statistics said Tuesday, as inflation continues its rapid rise.“On an unadjusted basis, final demand prices moved up 9.7 percent for the 12 months ended January 2022,” BLS said.That increase comes after a 0.9% increase in November and a 0.4% increase in December.
Consumer prices increased by nearly 7 percent in November 2021 compared to the same time last year, newly federal inflation data show, the steepest rise in decades.