FILE: Oil pumpjack in a canola field in Moose Creek, Saskatchewan, July 12, 2015. Illustrative production context, not a U.S. PPI survey location. Photo: Masterhatch / CC BY-SA 4.0. Cropped and resized. Adapted image: CC BY-SA 4.0.
NEW YORK, November 13, 2026 – U.S. producer prices rose 0.3% in October, a slower monthly increase than September, but annual wholesale inflation accelerated to 6.5%, the largest rise since November 2022.
The Bureau of Labor Statistics reported the figures Friday in its October Producer Price Index release. September’s monthly increase was revised to 1.4%, while August prices rose 0.4%.
The index measures prices received by domestic producers, rather than the prices households pay at the checkout. Rising producer costs can put pressure on business margins or feed into consumer prices, but the two measures do not move in lockstep.
A measure excluding food, energy and trade services increased 0.5% in October, matching September’s monthly pace. That measure rose 4.9% over the past year.
Food and freight costs climb
Prices for final-demand goods increased 0.5%, while services prices rose 0.2%. Food prices rose 1.3%; energy prices edged down 0.1%.
More than 60% of the monthly increase in goods prices came from products excluding food and energy. Basic organic chemicals rose 3.9%, while prices for fresh and dry vegetables, gas fuels, jet fuel and processed young chickens also increased.
Diesel fuel prices fell 7.9%. Prices for pork and passenger cars also declined.
Transportation and warehousing services increased 2.0%, accounting for three-fourths of the rise in final-demand services. Truck freight transportation prices rose 3.9%.
The monthly changes are seasonally adjusted. The annual figures are not seasonally adjusted.
JBizNews Desk | New York
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