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June wholesale prices up 0.3%

Surge over past year at 3.4% marks largest rise since 2011

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Photographs by AP file photo

Apples and potatoes are on display at a grocery store in Aventura, Fla., in June. U.S. wholesale prices rose in the 12 months ended in June by the most since November 2011, the Labor Department said Wednesday.

U.S. wholesale prices rose 0.3 percent in June, a slight slowing from May. But the 12-month gain was the fastest in more than six years, adding to evidence that inflation is beginning to rise after years of weak price gains.

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