US inflation data delayed by website glitch, shows wholesale price jump

Washington (AFP) – Annual US wholesale inflation spiked to its highest rate in nearly a decade last month, but the news was delayed by a glitch on the Labor Department’s website Friday. “Sorry for the delay in the PPI release, folks,” the department’s Bureau of Labor Statistics (BLS) tweeted, followed by a thread with the details on the data. At the normal release time of 8:30 am (1230 GMT) interested observers were met with a message saying: “The BLS website is busy. Refresh page and try again.” The report showed signs the reopening economy is seeing prices rebound, something economists and t…

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HEDGE accordingly