- According to official Labor Department data, US wholesale prices increased again in October albeit at a somewhat slower rate than in September.
- Just 0.2%, or half the rate economists had anticipated, were added to the producer pricing index (PPI) in October compared to September.
- PPI increased 8% year over year compared to a rise of 8.4% in September.
The 0.2% increase in US wholesale price inflation in October was less than anticipated.
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