Wholesale Prices Rose at a Slower Pace in October
- 2 years ago
Wholesale Prices Rose , at a Slower Pace in October.
CNN reports that wholesale prices are a key measure of inflation listed by the Producer Price Index (PPI). .
According to a new report from the Bureau of Labor Statistics, wholesale prices increased by 8% last month compared to the year before.
The number is better than the 8.3% economists had predicted. .
Producer prices were also lower than expected on a monthly basis, rising 0.2%.
Core PPI, which doesn't account for food and energy, measured 6.7% year-over-year.
That number is down from the revised annual increase of 7.1% in September.
Compared to September,
October's core PPI prices were flat.
Economists had predicted annual core PPI to be 7.2% and monthly core PPI to be 0.3%.
Many consider this latest report to be an indication of prices consumers can soon expect at stores
CNN reports that wholesale prices are a key measure of inflation listed by the Producer Price Index (PPI). .
According to a new report from the Bureau of Labor Statistics, wholesale prices increased by 8% last month compared to the year before.
The number is better than the 8.3% economists had predicted. .
Producer prices were also lower than expected on a monthly basis, rising 0.2%.
Core PPI, which doesn't account for food and energy, measured 6.7% year-over-year.
That number is down from the revised annual increase of 7.1% in September.
Compared to September,
October's core PPI prices were flat.
Economists had predicted annual core PPI to be 7.2% and monthly core PPI to be 0.3%.
Many consider this latest report to be an indication of prices consumers can soon expect at stores