Wholesale prices higher than expected last month — fresh on heels of hot inflation report
1. Wholesale prices rose 3.4% in January, exceeding expectations. 2. Consumer prices rose unexpectedly by 3%, prompting concerns over interest rates. 3. Focus shifts to higher rates as inflation pressures persist, impacting investor sentiment. 4. Increased hotel and diesel prices largely drove January's wholesale inflation. 5. Tariffs may exacerbate inflationary pressures, complicating economic outlook.