Wholesale Prices Have Biggest Jump in 34 Years

The AP reports:

Wholesale prices shot up 3.2 percent in November, the biggest jump in 34 years, propelled by a record rise in gasoline prices.

The big inflation pickup in the Producer Price Index, which measures the costs of goods before they reach stores shelves, came after wholesale prices inched up by just 0.1 percent in October, the Labor Department reported Thursday.

We wonder how many more "easings" the Fed is going to do.