The United States' Wholesale Price Index (WPI) has been trending upward recently, suggesting that retail inflation may be on the rise. WPI tracks variations in the costs of commodities that wholesalers sell in large quantities to other businesses. Retailers may pass on the additional expenses to customers, which could result in higher pricing for consumers as a result of the WPI hike. The WPI rose by 12.05% in March 2023 compared to February, the most recent numbers the government has made public show. Since November 2018, this growth is at its highest level. The cost of manufactured products, fuel, and power all went up, which contributed significantly to the increase. For policymakers, the rise in WPI is concerning since it could result in inflationary pressures.