October wholesale PPI inflation up 0.2% for annual rate of 2.4%, meeting expectations
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Nov. 14 (UPI) -- Wholesale Producer Price Index inflation rose 0.2% in October and is up 2.4% annually, according to a Thursday report from the Bureau of Labor Statistics. The PPI numbers matched the Dow Jones consensus forecast . The Fed is expected to cut interest rates again in December based on inflation data. Advertisement "In October, most of the rise in final demand prices can be traced to a 0.3% advance in the index for final demand services," the BLS said i na statement. "Prices for
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