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The Independent UK
The Independent UK
Brendan Rascius

Trump sees US suffer biggest inflation jump since Biden was in office

Donald Trump Inflation United States the Labor Department

The Trump administration is facing its latest dismal economic news: wholesale inflation is at the highest level since 2022 under President Joe Biden.

The Labor Department reported Wednesday that the producer price index — those charged by producers to wholesalers and retailers — rose 1.4 percent in April, doubling from March, and marking the largest monthly gain since March 2022.

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