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Wholesale inflation hits a record 9.7%: Worse economy in over 50 Years

Wholesale inflation hits a record 9.7%: Supply chain disruptions 'will continue to pin producer prices near record levels'

  • Wholesale inflation hit 9.7% in 2021, according to new data on Thursday
  • It comes a day after consumer prices hit 7% inflation, the most since 1982 
  • Experts say that 'persistent supply disruptions' are keeping costs high
  • Biden's approval ratings have taken a huge hit because of the surge in prices 

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