Inflation storm brewing for Biden as wholesale prices soar, set record in August

Wholesale food prices also up significantly, with beef up nearly 60% over last year’s prices

Meat products are displayed for sale at a grocery store in Roslyn, Pa., Tuesday, June 15, 2021. Wholesale inflation was up 8.9% overall in August 2021, while wholesale food prices rose 2.9% in August and 12.7% in the past year. The price of beef has risen 59.2%.  (AP Photo/Matt Rourke)  **FILE**

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