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Wholesale Food Prices Surged In December; USDA Predicts Moderate 2019 Food Price Inflation

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Wholesale food prices spiked in December, according to data from Bureau of Labor Statistics’ Producer Price Index. Wholesale prices at the final demand stage jumped 2.6% month-on-month following a 1.3% increase in November and a 1% rise in October. Prices for all wholesale foods rose 2.1% and are back in positive territory at 1.7% for…

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