Producer Price Index: Wholesale Inflation Rose in October

Wholesale inflation grew more than expected last month. Here is the latest news release from the Bureau of Labor Statistics.

The producer price index for final demand remained rose 0.2% month-over-month (s.a.), right in line with economist estimates. On a non-seasonally adjusted annual basis, headline PPI accelerated from 1.9% in September to 2.4% in October, coming in above the expected 2.3% growth.

Core PPI (excluding food and energy) for final demand increased 0.3% last month, in line with forecasts. On a non-seasonally adjusted annual basis, core PPI accelerated from 2.9% year-over-year in September to 3.1% in October, coming in above the expected 3.0% growth.

Below is a chart of the historical series with a callout to the most recent 12 months.

PPI - producer price index year over year