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Wholesale prices in US fell unexpectedly in February
US policymakers have been battling stubborn inflation, with the Federal Reserve raising interest rates rapidly over the past year to ease demand and rein in surging costs.
US policymakers have been battling stubborn inflation, with the Federal Reserve raising interest rates rapidly over the past year to ease demand. (AFP)
By: NewVision Reporter, Journalists @NewVision
US wholesale prices fell last month in welcome news for policymakers, according to government data released Wednesday, as costs for eggs, gas and diesel fuel slipped.
The producer price index (PPI)