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Wholesale prices rise moderately in November
WASHINGTON – Wholesale prices outside the volatile food and energy categories rose modestly last month due to a large increase in the cost of new cars.
But there was little sign of inflation in the report,[link widoczny dla zalogowanych], which showed that the weak economy is keeping prices in check.
With prices largely in check, the Federal Reserve has launched a program to purchase $600 billion in government bonds in an effort to lower longer-term interest rates. Critics have charged that effort could lead to high inflation, as the central bank pumps more money into the economy.