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Wholesale Prices Rose at a Slower Pace in October

2022-11-15 117 Dailymotion

Wholesale Prices Rose , at a Slower Pace in October.<br />CNN reports that wholesale prices are a key measure of inflation listed by the Producer Price Index (PPI). .<br />According to a new report from the Bureau of Labor Statistics, wholesale prices increased by 8% last month compared to the year before.<br />The number is better than the 8.3% economists had predicted. .<br />Producer prices were also lower than expected on a monthly basis, rising 0.2%.<br />Core PPI, which doesn't account for food and energy, measured 6.7% year-over-year.<br />That number is down from the revised annual increase of 7.1% in September.<br />Compared to September, <br />October's core PPI prices were flat.<br />Economists had predicted annual core PPI to be 7.2% and monthly core PPI to be 0.3%.<br />Many consider this latest report to be an indication of prices consumers can soon expect at stores

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