Latest inflation report shows wholesale prices rose at a slower pace last month
Headline from KTVZ Bend
By Alicia Wallace, CNN Business A key measure of inflation, wholesale prices, rose by 8% in October from a year before, according to the latest report from the Bureau of Labor Statistics. The number is significantly better than forecasts.
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By Alicia Wallace, CNN Business A key measure of inflation, wholesale prices, rose by 8% in October from a year before, according to the latest report from the Bureau of Labor Statistics. The number is significantly better than forecasts.
Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest sign that inflation pressures in the United States are easing
The figures came in lower than economists expected and make it more likely that the Federal Reserve will increase its benchmark interest rate in smaller increments.
US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to official data Tuesday which will add to rising
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