U.S. wholesale prices rose more than
forecast in October, led by higher costs for food, cars and light
trucks, a government report showed.
Prices paid to factories, farmers and other producers,
increased 0.8 percent, the biggest rise since March, following
September’s 0.3 percent gain, the Labor Department said in
Washington. Excluding volatile food and energy prices, the so-
called core rate rose 0.5 percent, also the largest since March,
after rising 0.1 percent a month earlier.
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…
Learn More
The economy expanded last quarter at the fastest pace in 19
years as consumer spending surged, while businesses added workers
to their payrolls for a third month in October. Improving demand
may be making it easier for companies to raise prices, some
economists said.
Bloomberg News
