Economy and macroUpdated 3h ago

US producer prices rose fastest since 2022 in October.

October's report gives producer prices two different clocks. According to Bureau of Labor Statistics data reported by Bloomberg, US producer prices were 6.5% higher than a year earlier, the fastest year-over-year increase since 2022. Over the single month from September to October, they rose 0.3%. The figures aren't competing readings: one compares October with the same month last year, the other with September. That shorter window is a reminder that the latest monthly move and the year's accumulated rise can look very different.

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