In October, expectations were met as wholesale prices increased by 0.2%.

In October, expectations were met as wholesale prices increased by 0.2%.
In October, expectations were met as wholesale prices increased by 0.2%.

The Bureau of Labor Statistics reported on Thursday that wholesale prices rose slightly in October, in line with expectations and reflecting the Federal Reserve's decision to cut interest rates again in December.

The producer price index, which reflects what producers receive for their products, rose 0.2% in the month, matching the Dow Jones consensus forecast, despite being only one-tenth of a percentage point higher than September. On a 12-month basis, headline wholesale inflation stood at 2.4%.

The core PPI increased by 0.3% in October, which was 10% higher than September and in line with expectations. The 12-month rate stood at 3.1%.

This is breaking news. Please check back for updates.

by Jeff Cox

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