U.S. producer prices surge 0.4% in October

• November 14, 2017
• realestate
• Announcements, Business & Markets, Real Estate, Real Estate Finance

The producer price index rose 0.4% in October. That was well above the MarketWatch forecast of a 0.1% gain.

Another measure preferred by economists, known as core PPI, rose 0.2% for the third straight month. The core rate strips out food, energy and trade margins.

The increase in the PPI pushed the 12-month rate of wholesale inflation up to 2.8%, the highest since February 2012.

The 12-month rate of core PPI advanced 2.3% in October, the highest since the series began in August 2014.