Producer prices rose less than expected, with much of the hike coming from energy. Excluding food and energy, PPI fell 0.6% in the month. Overall, wholesale prices are up just 1.5% in the past year — still too close to deflation for the U.S. Federal Reserve.
Continue reading October’s 0.4% Producer Price Rise: Enough for the Fed?
October’s 0.4% Producer Price Rise: Enough for the Fed? originally appeared on DailyFinance on Tue, 16 Nov 2010 11:10:00.
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