US wholesale inflation rises to 6.5% annually in October, highest rate in nearly four years
Wholesale inflation in the United States accelerated in October to its highest annual rate in nearly four years, according to the Bureau of Labor Statistics (BLS). The Producer Price Index (PPI) rose 0.3% from the previous month and 6.5% in the 12 months through October, the highest figure since November 2022. The conflict in Iran and the disruption to energy supply have pushed gasoline and diesel prices up in recent months.
In 35 seconds
- The PPI rose 0.3% month over month in October and 6.5% year over year, its highest rate since November 2022
- In September the PPI had posted a 1.4% monthly increase and a 6.3% annual rate
- The conflict in Iran and the disruption to energy supply raised gasoline and diesel prices
IASummary generated by artificial intelligence from a story by CNN en Español. It may contain errors: the original source prevails.



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