Wholesale Inflation Comes In Nearly 2X HIGHER Than "Expected."

From Greg M

Lions and friends… go ahead, make this stuff up.

Inflation at the wholesale level gained more than expected in August, countering recent data showing that price increases have tempered lately.

The producer price index, a measure of what producers get for their goods and services, increased a seasonally adjusted 0.7% in August and 1.6% on a year-over-year …