US Wholesale Inflation Climbs to Fastest Pace Since 2022

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U.S. wholesale inflation accelerated to its fastest pace since 2022 in October, with the Producer Price Index rising 6.5% year‑over‑year and 0.3% month‑over‑month. Persistent price pressures extend beyond energy, as food costs climb at their strongest rate in eight months, driven by higher diesel and transportation expenses.
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