Wholesale prices cool slightly in October, but annual rate hits 6.5%
October wholesale prices rose 0.3%, just under the 0.4% economists expected, the Bureau of Labor Statistics reported Friday. Core PPI matched forecasts at 0.3%. But the annual headline rate jumped to 6.5%, its fastest since November 2022, landing weeks before the Fed's Dec. 8-9 meeting.
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- The source published it on Nov 13, 2026 at 1:31 PM.
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Wholesale prices climbed 0.3% in October, undershooting the 0.4% the Dow Jones consensus had penciled in, the Bureau of Labor Statistics said Friday. Strip out food and energy and core producer prices also rose 0.3%, landing exactly where economists expected.
The year-over-year number is where it stings. Headline PPI accelerated 6.5% annually, the hottest reading since November 2022.
The producer price index tracks what domestic producers fetch for goods before they ever hit a shelf, making it a front-row seat for pipeline inflation. A cooler-than-expected monthly print gives the Federal Reserve a sliver of breathing room.
Not much breathing room, though. The Fed's policy committee meets Dec. 8-9, and markets are fully pricing a quarter-point hike in the overnight borrowing rate, with slim odds traders see a half-point move instead.
TopicsFederal Reserve · Producer Price Index · Bureau of Labor Statistics · Federal Open Market Committee · Dow Jones
Written by Paparazzi with AI. Not financial advice.
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