Pro­ducer prices rise 0.4% in Oc­to­ber

The Columbus Dispatch - - Market Summary -

WASH­ING­TON — Prices at the whole­sale level climbed 0.4 per­cent in Oc­to­ber and 2.8 per­cent over the past year, 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 uptick from Oc­to­ber 2016 was the big­gest since Fe­bru­ary 2012. The 12-month in­crease was driven by a 7.6 per­cent jump in en­ergy prices.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.