Wholesale prices rose 0.3% in October, putting annual rate at 6.5%, the highest in nearly four years
Summary
Wholesale prices increased by 0.3 percent in October, driving the annual rate up to 6.5 percent. This marks the highest annual increase recorded in nearly four years. Meanwhile, the producer price index rose slightly less than the 0.4 percent growth anticipated by the consensus forecast.
The producer price index was expected to increase 0.4% in October, according to the Dow Jones consensus.
Source: Read the full story at US Top News and Analysis
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