U.S. WHOLE­SALE PRICES JUMP MOST IN 6 YEARS

The Day - - BUSINESS -

Washington — U.S. whole­sale prices rose by the most in six years last month, led higher by more ex­pen­sive gas, food, and chem­i­cals.

The La­bor Depart­ment says the pro­ducer price in­dex — which mea­sures price in­creases be­fore they reach the con­sumer — leapt 0.6 per­cent in Oc­to­ber, af­ter a smaller 0.2 per­cent rise in Septem­ber. Pro­ducer prices in­creased 2.9 per­cent from a year ear­lier.

Ex­clud­ing the volatile food and en­ergy cat­e­gories, core whole­sale prices rose 0.5 per­cent in Oc­to­ber and 2.6 per­cent from a year ear­lier. De­spite last month’s in­crease, the fig­ures sug­gest in­fla­tion pres­sures are mostly in check.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.