{"id":916977,"date":"2026-11-14T10:18:11","date_gmt":"2026-11-14T10:18:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/916977\/"},"modified":"2026-11-14T10:18:11","modified_gmt":"2026-11-14T10:18:11","slug":"12-month-wholesale-inflation-reaches-4-year-high","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/916977\/","title":{"rendered":"12-Month Wholesale Inflation Reaches 4-Year High"},"content":{"rendered":"<p>The Producer Price Index (PPI) for final demand rose 0.3% in October after advancing 1.4% in September and 0.4% in August, the\u00a0<a href=\"https:\/\/www.bls.gov\/home.htm\" rel=\"nofollow noopener\" target=\"_blank\">Bureau of Labor Statistics<\/a>\u00a0(BLS) said\u00a0in\u00a0a Friday\u00a0(Nov. 13)\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/ppi.nr0.htm\" rel=\"nofollow noopener\" target=\"_blank\">press release<\/a>.<\/p>\n<p>The October advance was driven by prices for final demand goods, which increased 0.5%. Prices for final demand services rose 0.2%, according to the release.<\/p>\n<p>Over 60% of the advance in the index for final demand goods was attributable to prices for final demand goods less food and energy, while three-quarters of the rise in the index for final demand services was driven by an increase in prices for final demand transportation and warehousing services, the release said.<\/p>\n<p>For the 12 months ended in October, the index for final demand increased 6.5%. That was the largest 12-month rise seen since November 2022, when the index rose 7.4%, per the release.<\/p>\n<p>CNBC\u00a0<a href=\"https:\/\/www.cnbc.com\/2026\/11\/13\/ppi-inflation-report-october-2026.html\" rel=\"nofollow noopener\" target=\"_blank\">reported<\/a>\u00a0Friday that the 0.3% increase in the PPI was less than expected. The Dow Jones consensus forecast a 0.4% increase, according to the report.<\/p>\n<p>Still, together with the consumer price index the BLS released earlier this week, the PPI shows that the Fed has not achieved its inflation goal of 2%, per the report.<\/p>\n<p>\u201cToday\u2019s PPI data\u2014which shows some signs of improving, albeit still too-high\u2014is unlikely to change the Fed\u2019s approach in December because the CPI data was already outside their comfort zone,\u201d\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/czaccarelli\" rel=\"nofollow noopener\" target=\"_blank\">Chris Zaccarelli<\/a>, chief investment officer for\u00a0<a href=\"https:\/\/www.northlightam.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Northlight Asset Management<\/a>, said in the CNBC report.<\/p>\n<p>Bloomberg\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-11-13\/us-wholesale-inflation-remained-elevated-in-october\" rel=\"nofollow noopener\" target=\"_blank\">reported<\/a>\u00a0Friday that the 6.5% annual increase in the PPI showed that price pressures remain throughout the economy and that the surge in energy prices as well as robust demand continue to fan inflationary pressures.<\/p>\n<p>\u201cTransportation costs are the channel through which energy prices bleed through into core goods prices,\u201d\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/carlweinberg\" rel=\"nofollow noopener\" target=\"_blank\">Carl Weinberg<\/a>, chief economist at\u00a0<a href=\"https:\/\/www.hifreqecon.com\/\" rel=\"nofollow noopener\" target=\"_blank\">High Frequency Economics<\/a>, said in a note, according to the report.<\/p>\n<p>PYMNTS reported Tuesday (Nov. 10) that the BLS said the\u00a0<a href=\"https:\/\/www.pymnts.com\/economy\/2026\/october-cpi-shows-grocery-bills-rising-inflation-slows\/\" rel=\"nofollow noopener\" target=\"_blank\">Consumer Price Index<\/a>\u00a0rose a seasonally adjusted 0.4% in October after a 0.6% increase in September. The report noted that food prices rose 0.5% after holding steady the month before.<\/p>\n","protected":false},"excerpt":{"rendered":"The Producer Price Index (PPI) for final demand rose 0.3% in October after advancing 1.4% in September and&hellip;\n","protected":false},"author":2,"featured_media":916978,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,12586,101,2402],"class_list":["post-916977","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-cost-of-living","tag-economy","tag-inflation"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/916977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=916977"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/916977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/916978"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=916977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=916977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=916977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}