U.S. Producer Price inflation jumps 8.6% year over year in Oct | tWiLiGhT

U.S. Producer Price inflation jumps 8.6% year over year in October

Inflation at the wholesale level rose 8.6% last month from a year earlier, matching September's record annual gain and offering more evidence that inflationary pressures are not yet easing.

The Labor Department reported Tuesday that its producer price index — which measures inflation before it hits consumers — rose 0.6% last month from September, pushed higher by surging gasoline prices.

Excluding volatile food and energy prices, wholesale inflation was up 0.4% in October from September and 6.8% from a year ago.

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