12-Month Wholesale Inflation Reaches 4-Year High Despite October Slowdown
By PYMNTS
AI summary of the source article
The Producer Price Index for final demand rose 0.3% in October after advancing 1.4% in September and 0.4% in August, according to the Bureau of Labor Statistics. The increase was driven by a 0.5% rise in final demand goods.
Key facts
- The Producer Price Index for final demand rose 0.3% in October, following increases of 1.4% in September and 0.4% in August.
- Prices for final demand goods increased 0.5% in October, driving the overall advance.
- Prices for final demand services increased 0.2% in October.
Source excerpt · PYMNTS
The Producer Price Index (PPI) for final demand rose 0.3% in October after advancing 1.4% in September and 0.4% in August, the Bureau of Labor Statistics (BLS) said in a Friday (Nov. 13) press release. The October advance was driven by prices for final demand goods, which increased 0.5%. Prices for final demand services rose 0.2%, according to the release. Over […] The post 12-Month Wholesale Infl…