Whole­sale prices rise 0.4% on food prices

The Atlanta Journal-Constitution - - BUSINESS -

WASH­ING­TON — 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 and a sign that an im­prov­ing econ­omy may fi­nally be re­viv­ing in­fla­tion­ary pres­sures.

The La­bor Depart­ment says last month’s in­crease in the pro­ducer price in­dex, which mea­sures in­fla­tion pres­sures be­fore they reach the con­sumer, matched the 0.4 per­cent rise in Septem­ber. The 12-month in­crease was driven by a 7.6 per­cent jump in en­ergy prices.

But en­ergy prices were un­changed from Septem­ber to Oc­to­ber. Food prices rose 0.5 per­cent in Oc­to­ber, the most since June.

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