EconomyUnited States

US producer prices rise 6.5% a year, less than expected

US wholesale inflation rose in October at its quickest pace since 2022, though by less than expected. Stocks edged up ahead of the release, which keeps price pressure in view for households and businesses.

Illustration: A paper shopping basket packed with groceries, with a tomato red price tag hanging from the handle, blank and plain, seen at eye level.
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The Bureau of Labor Statistics, a federal agency that gathers the numbers, reported that producer prices were up 6.5% over the past twelve months. Measured month to month, the index gained 0.3% in October.

Following the release, Tani Fukui, Senior Director of Economic & Market Strategy at MetLife Investment Management, weighed what the numbers meant for consumers. Taken together with other signals, the data suggests that price increases are reaching many parts of the economy.

GuideEconomic calendar: the data and decisions coming up

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