Final demand prices rose 8.6% from a year ago in October, their highest annual pace in records going back 10 years, the Labor Department said Tuesday.
The government’s producer price index, which serves as a gauge of wholesale prices from goods-producers, rose 0.6% for the month, in line with Dow Jones estimates and an indicator that inflation pressures are continuing to pressure the U.S. economy.
The monthly pace was faster than the 0.5% increase in September. To read the full CNBC story, click here.
