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Wholesale prices rising at fastest pace since 1981

AP - Tue Aug 19, 5:38 PM ET

WASHINGTON - Wholesale inflation soared in July, leaving prices rising at the fastest pace in nearly three decades. While recent declines in oil and other commodity prices raise hopes inflation may have peaked, some economists worry about the widespread nature of the July price surge and caution it will take more time for that pressure to ease on Wall Street and Main Street.

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