Skip to content
Subscriber Only

Wholesale Prices in U.S. Rose More Than Forecast in October

Video player cover image
U.S. Producer Prices Rise 2.8% Year-Over-Year in Oct.
Updated on

U.S. wholesale prices advanced more than forecast in October, boosted by higher margins at fuel retailers, a Labor Department report showed Tuesday in Washington. Compared with a year earlier, producer prices rose the most in more than five years.

The report indicates price pressures in the production pipeline may be starting to build even as broader inflation remains below the Federal Reserve’s goal.