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U.S. Producer Prices Rise 0.2% in October

Associated Press (11/18/14) Josh Boak

The producer price index rose 0.2% in October from a month earlier, according to the U.S. Department of Labor. Prices for many products increased, even though wholesale gas costs fell 5.8% last month. Excluding the volatile food and energy categories, prices were up 0.4% in October.

Declining energy costs have tempered inflation in the broader economy. Producer rises rose only 1.6% in the year through September, a rate significantly lower than the U.S. Federal Reserve target of 2%.