Wholesale prices rise 0.3% in October as annual rate reaches 6.5%, highest in nearly four years
Source Summary
The producer price index increased 0.3% in October, below the Dow Jones consensus forecast of 0.4%. The annual rate of wholesale price growth reached 6.5%, marking the highest level in nearly four years.
Why it matters
Producer price inflation is a leading indicator of consumer price pressures and influences central bank monetary policy decisions.
