US Producer Prices Rise, Risking Pressure in Fed’s Favored Gauge
- Portfolio management fees climbed the most in six months
- Firm October PPI reading followed strength in consumer prices
This article is for subscribers only.
US producer prices picked up in October, fueled in part by gains in portfolio management costs and other categories that feed into the Federal Reserve’s preferred inflation gauge.
The producer price index for final demand increased 0.2% from a month earlier after rising a revised 0.1% in September, Bureau of Labor Statistics data showed Thursday. Compared with a year ago, the PPI rose 2.4%.