US wholesale inflation climbs to 6.5%, hottest reading since November 2022
October producer prices hit 6.5%, the highest since November 2022, according to The Kobeissi Letter. Core PPI landed at 5.0%, exactly in line with expectations, while CPI and PCE keep heating up too. The outlet says all signs now point to a December rate hike.
- Original source: X account @KobeissiLetter.
- The source published it on Nov 13, 2026 at 1:32 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
- It comes from X posts, not a news outlet.
US producer price inflation climbed to 6.5% in October, its hottest level since November 2022, The Kobeissi Letter reported. That's the wholesale side of the economy turning up the heat again.
Core PPI, which strips out volatile items, came in at 5.0% — precisely matching the 5.0% that had been expected. No upside surprise there, but no relief either.
It isn't an isolated print. The outlet notes CPI, PPI and PCE inflation are all continuing to push higher across the US.
With all three gauges running hot, The Kobeissi Letter says all signs point toward a December rate hike.
TopicsThe Kobeissi Letter · Producer Price Index · Core PPI · Consumer Price Index · PCE · Federal Reserve
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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