US wholesale inflation picks up slightly in sign that some price pressures remain elevated
- Us wholesale inflation increased by 0.2% in October, signaling that some price pressures persist at the producer level, as stated by the Bureau of Labor Statistics.
- The Producer Price Index rose 2.4% for the year ending in October, up from 1.9% in September, according to Bureau of Labor Statistics data released Thursday.
- Wholesale food prices dropped 0.2% for the month, providing a potentially favorable sign for consumers concerned about inflation.
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Total News Sources0
Leaning Left8Leaning Right3Center15Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
57% Center
L 31%
C 57%
12%
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