4 sources·Business

Wholesale Prices in the U.S. Rise, Indicating Persisting Inflation

Wholesale prices saw a 0.2% increase in October, showing inflationary pressure in the economy as the Fed cuts interest rates.

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Updated: Nov 14th, 2024, 11:30 AM ET

Summary

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The Producer Price Index revealed a 0.2% rise in wholesale prices from September to October, while annual inflation edged up to 2.4%. Despite recent Fed rate cuts, concerns over inflation persist as services prices increase significantly. Excluding food and energy, core wholesale prices rose 0.3%, highlighting ongoing price pressures. The data suggests that while inflation has moderated, it remains higher than desired, raising questions about future Fed policies and economic conditions.

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