Wholesale prices rose slightly less than expected in October
Wholesale prices rose 0.3% in October, easing from the previous month, though inflation remains elevated and the Federal Reserve is likely to raise rates in December.
TL;DR
- Wholesale prices increased by 0.3% in October.
- The rate of increase slowed from the previous month.
- Inflation remains elevated.
- The Federal Reserve is anticipated to raise interest rates in December.