US Markets | Nov 15, 2023
Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020
In October, wholesale prices experienced their most significant drop in 3½ years, signaling a potential easing of the recent inflation surge. The Producer Price Index (PPI), measuring final-demand costs for businesses, reported a 0.5% decline for the month, contrary to expectations for a 0.1% increase. This marked the most substantial monthly decline since April 2020.… Continue reading Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020