US wholesale inflation remained elevated in October, with the producer price index up 6.5% from a year earlier and 0.3% from the previous month, Bloomberg reported from Bureau of Labor Statistics data released Friday.
The yearly figure is the one doing the work here. At 6.5%, Bloomberg described it as the fastest pace since 2022, which is a useful reminder that “elevated” is often just polite economic language for prices still rising at a speed people would prefer to have retired by now.
The monthly gain, at 0.3%, is smaller in scale but points the same way. Compared with September, wholesale prices still moved higher in October.
Bloomberg’s summary did not include a category breakdown, so this account goes as far as the release supports: prices measured by the producer price index were higher than a month earlier and markedly higher than a year earlier.
Ryan C 
Dua Mifsud 
Sophia Borg 