Wholesale prices rise
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.