Wholesale inflation rose from 2.8% in October to 3.0% in November, according to the latest Bureau of Labor Statistics report. But where inflation is headed is as much about how consumers feel as it is about what wholesalers are paying.
There’s been a long-standing synergy when it comes to the U.S. and Canada around oil. But the seizure of Venezuelan oil by the United States has thrown a bit of a wrench into the future of that relationship.