Wholesale Prices Rose at a Slower Pace in October

Wholesale Prices Rose , at a Slower Pace in October.

CNN reports that wholesale prices are a key measure of inflation listed by the Producer Price Index (PPI).

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According to a new report from the Bureau of Labor Statistics, wholesale prices increased by 8% last month compared to the year before.

The number is better than the 8.3% economists had predicted.

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Producer prices were also lower than expected on a monthly basis, rising 0.2%.

Core PPI, which doesn't account for food and energy, measured 6.7% year-over-year.

That number is down from the revised annual increase of 7.1% in September.

Compared to September, October's core PPI prices were flat.

Economists had predicted annual core PPI to be 7.2% and monthly core PPI to be 0.3%.

Many consider this latest report to be an indication of prices consumers can soon expect at stores