U.S. Wholesale Prices Rise More Than Forecast
Oct. 12 (Bloomberg) -- Wholesale prices in the U.S. rose more than forecast in September, reflecting a jump in fuel costs that failed to trickle down to other goods.
The producer price index climbed 1.1 percent after a 1.7 percent gain in August, the Labor Department reported today in Washington. The so-called core producer inflation, which excludes volatile food and energy prices, was unchanged, the first time it didn’t increase since
October 2011. Betty Liu, Dominic Chu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)