Producer prices rise 8.6%, matching September record high

THE U.S. PRODUCER PRICE INDEX increased by 8.6% year over year in October. / AP FILE PHOTO/MATT ROURKE
WASHINGTON (AP) – Inflation at the wholesale level rose 8.6% last month from a year earlier, matching September's record annual gain and offering more evidence that inflationary pressures are not yet easing. The Labor Department reported Tuesday that its producer price index – which measures inflation before it hits consumers – rose 0.6% last month…

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