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CNBC
CNBC
US · 1 hrs ago
75✓ Factual
Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022
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Credibility 75/100
Partisan intensity 15/100
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Low partisan intensity — consistent with factual reporting✓ Fair headline

U.S. wholesale inflation, as measured by the producer price index, increased 6% year-over-year in April, marking the largest annual rise since 2022, according to recent data.

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Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022
The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.
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