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Wholesale prices rose less than expected in December, a positive sign for the economy amid recent market fears that inflation isn't falling as quickly as hoped to the Federal Reserve's 2% target.

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U.S. wholesale inflation rose last month on higher energy prices. The Labor Department reported Tuesday that its producer price index—which tracks inflation before it hits consumers—rose 0.2% ...

WASHINGTON (AP) — U.S. wholesale prices rose 0.2% last month from November and 3.3% from a year earlier on higher energy prices.