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International Business News: A larger-than-expected rise in US wholesale prices rekindled worries over interest rate cuts and halted Wall Street's rebound. Find out more about the impact on the market. ....
In December of the previous year, US wholesale prices unexpectedly decreased, defying predictions, as reported by government data. The producer price index (PPI) fell by 0.1 percent, following a similar decline in November, mainly due to a sharp drop in the energy index. ....
In November, wholesale prices in the US rose from 7.4 percent from last year, a fifth consecutive slowdown and indicating that inflation across the economy is continuing to cool ....