Market Updates
Monthly Wholesale Inflation Edged Lower In October
Brian Turner
15 Nov, 2023
New York City
The producer price index, a measure of wholesale inflation, declined 0.5% from the previous month in October, the U.S. Bureau of Labor Statistics reported Wednesday.
On an annual basis, the producer price index increased by 1.3%.
Wholesale price inflation fell at the fastest pace in a single month since April 2020, after good prices declined 1.4% following a rise since May and service prices were unchanged after advancing for six consecutive months.
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