Wholesale in the US soared 11 percent in April from a year earlier, a hefty gain that indicates high inflation will continue drag down to consumers and businesses in the months ahead.The Labor Department said Thursday that its producer price index - which measures inflation before it reaches consumers - climbed 0.5 percent in April from March. That is a slowdown from the previous month, however, when it jumped 1.6 percent.The 11 percent year-over-year increase in April is a slight decline from the 11.5 percent annual gain in March, which was the biggest increase since records began in 2010.
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