Wholesale inflation unexpectedly tumbles 0.5% in October, biggest drop in 3 yearsNovember 15, 2023 at 08:34 AM EST
The Labor Department said Wednesday the producer price index tumbled 0.5% in October, evidence that price pressures in the economy are beginning to abate.
The Labor Department said Wednesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, tumbled 0.5% in October from the previous month. On an annual basis, prices remain up 1.3%. This is a developing story. Please check back for updates. 
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