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Economy

Producer Prices Soar at Record 8.6% Pace

Illustration from file image

JOHN CARNEY

Breitbart

Prices rose 8.6 percent from a year ago in October, the second consecutive month of the fastest annual pace of inflation in records going back 10 years.

The Department of Labor said the Producer Price Index accelerated to show a monthly gain of 0.6 percent, up one-tenth of a percentage point from the September gain. That was in line with analyst expectations.

Click the link below to read the rest of this story.

https://www.breitbart.com/economy/2021/11/09/bidenflation-producer-prices-soar-at-record-8-6-pace/

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