US wholesale inflation remains elevated in October as producer prices rise 6.5% from a year earlier

Summary

Wholesale inflation cooled a bit last month yet remains elevated, evidence of stubbornly higher prices that have soured Americans on the economy and fueled big gains for Democrats in the midterm elections last week, The Philadelphia Inquirer and ABC News reported on Friday 13 November. US wholesale inflation climbed in October from a year earlier at the fastest pace since 2022, Bloomberg reported, the producer price index rising 6.5% from a year earlier and 0.3% from a month earlier, according to Bureau of Labor Statistics data out Friday.

Latest: Wholesale inflation cooled a bit last month yet remains elevated, The Philadelphia Inquirer and ABC News reported, while Bloomberg reported that US wholesale inflation climbed in October from a year earlier at the fastest pace since 2022, the producer price index rising 6.5% from a year earlier and 0.3% from a month earlier, according to Bureau of Labor Statistics data out Friday.

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