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Saturday, Apr 20, 2024

Wholesale prices, retail sales rise in June

WASHINGTON — Higher energy prices rippled through the economy in June, helping to drive a bigger-than-expected gain in retail sales. The sharp rise in wholesale prices — as well as “core” prices that exclude food and energy — could fan investors’ fears about inflation. Economists viewed the energy cost hikes as temporary and not the beginning of a dangerous bout of spiraling prices, but said consumers likely will remain cautious as the unemployment rates ticks up. For the full story click here

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