Whole­sale prices rise

San Francisco Chronicle Late Edition - - BUSINESS -

Prices at the whole­sale level climbed 0.4 per­cent in Oc­to­ber and 2.8 per­cent over the past year, the big­gest an­nual jump in more than five years.

The La­bor De­part­ment says last month’s in­crease in the pro­ducer price in­dex, which mea­sures in­fla­tion be­fore it reaches the con­sumer, matched the 0.4 per­cent rise in Septem­ber. The in­crease from Oc­to­ber 2016 was the big­gest since Fe­bru­ary 2012. The 12-month in­crease was led by a 7.6 per­cent jump in en­ergy prices. But those prices were un­changed from Septem­ber to Oc­to­ber.

Food prices rose 0.5 per­cent in Oc­to­ber, the most since June.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.