The Bureau of Labor Statistics reported wholesale prices rose 0.3% in October
U.S. wholesale prices rose 0.3% in October, while annual producer-price inflation climbed to 6.5%, its highest since November 2022, the Bureau of Labor Statistics reported Friday. The monthly increase was below economists’ 0.4% forecast; the annual figure was also below the 6.6% estimate.
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The department revised September’s monthly increase to 1.4%, from 1.3% previously reported. The annual rate was 6.3% that month.
CNN reported that core prices, excluding food and energy, rose 0.3% in October and 5% over the year.
The New York Post said the data supported the possibility that the Federal Reserve could continue raising interest rates after a widely expected increase next month.
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Reporting behind this story
- CNN — Wholesale inflation rose in October to highest annual rate in nearly four years
- U.S. News & World Report — Wholesale Inflation Hits Nearly 4-Year High, Though Slightly Below Forecast | National News
- KSL News — Wholesale inflation rose in October to highest annual rate in nearly four years
- BigGo Finance — US October PPI Rises 6.5% Year-over-Year, Largest Gain in Nearly Four Years; Energy Prices Turn Negative, Curbing Monthly Increase
- New York Post — Wholesale inflation jumps 6.5% from last year — biggest increase since 2022
- clarin.com — October 2026 PPI Report: U.S. wholesale prices rise 0.3%, pushing annual inflation to near four-year high of 6.5%
- ibtimes.com — US Wholesale Inflation Hits Four-Year High at 6.5%. Fed Faces Pressure Over December Rate Hike.