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Wholesale Prices Have Largest Jump In 10 Years.

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Author: Unknown

Section: Economy
WHOLESALE PRICES HAVE LARGEST JUMP IN 10 YEARS


Wholesale prices rose 1 percent in February, the largest gain in nearly 10 years, as gasoline and other energy costs took a huge leap, the Labor Department reported today. The Producer Price Index, which measures inflation pressures before they reach the consumer, suffered its worst showing since a 1 percent increase in October 1990. On Wall Street, the stock market continued its recovery from several days of losses, with the Dow Jones Industrial Average up almost 378 points to 10,508.98 at 2 p.m.



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