Whole­sale prices take big jump

Boston Herald - - BIZSMART -

Led by costlier gas, food and chem­i­cals, U.S. whole­sale prices surged 0.6 per­cent in Oc­to­ber, the big­gest month-to-month rise in six years. Yet ex­clud­ing items that tend to fluc­tu­ate sharply from month to month, in­fla­tion pres­sures re­main tame.

The jump in the pro­ducer price in­dex, which mea­sures prices be­fore they reach con­sumers, fol­lowed a smaller 0.2 per­cent in­crease in Septem­ber. Com­pared with 12 months ear­lier, pro­ducer prices rose a sharp 2.9 per­cent in Oc­to­ber.

But when food, en­ergy and other volatile cat­e­gories are ex­cluded, so­called core whole­sale prices rose only a mod­est 0.2 per­cent in Oc­to­ber.

Higher prices for ser­vices such as trans­porta­tion and ware­hous­ing drove most of Oc­to­ber’s over­all in­crease in whole­sale prices.

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