U.S. wholesale inflation surges again on higher prices of gas and vegetables
United States Producer Price Index
Chart courtesy of TradingEconomics.com
“Wholesale prices in the U.S. surged again in October and offered little sign that the biggest increase in inflation in decades is going to peter out soon. The producer price index rose 0.6% last month, the government said Wednesday.”
USAGOLD note: Gold bumped higher after the report’s release. Year-on-year the producer price index posted an 8.6% gain – nearing double digits.