Wholesale inflation jumps by the most in four years as gas prices soar
Summary
Wholesale inflation rose more quickly than expected last month on a big jump in fuel costs, jumping by the most in four years as gas prices soared, The Philadelphia Inquirer and ABC News reported on Thursday 15 October, a sign that stubbornly rising prices remain an economic challenge for consumers and a political problem for Republicans in the midterm elections. Businesses were hit even harder by inflation last month than consumers, at levels not seen since late 2022, NBC News reported.
Latest: Wholesale inflation rose more quickly than expected last month, by the most in four years, on a big jump in fuel costs, The Philadelphia Inquirer and ABC News reported, and NBC News said businesses were hit even harder by inflation than consumers.
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How it unfolded
Thursday 15 October
Wholesale inflation rose more quickly than expected last month, by the most in four years, on a big jump in fuel costs, The Philadelphia Inquirer and ABC News reported, and NBC News said businesses were hit even harder by inflation than consumers.