Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010. The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7% last month from July after increasing 1% in both June and July. Inflation has been stirring as the economy recovers from last year's brief but intense coronavirus recession.
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US producer prices jump an unprecedented 8.3% in August
