Inflation is getting worse, Americans are feeling the impact
Summary
Wholesale prices in the United States rose by 6% last month compared to the same time last year. This is the largest yearly increase in over three years, mainly because gas prices went up. Many Americans are feeling the effects of these higher prices.Key Facts
- Wholesale prices in the U.S. increased by 6% last month compared to one year ago.
- This is the biggest annual increase in more than three years.
- The rise in gas prices is a main reason for the higher wholesale prices.
- Higher wholesale prices often lead to higher costs for consumers.
- Many people in the U.S. are experiencing the impact of inflation.
- The report was shared by CBS News with Jo Ling Kent as the reporter.
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