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Wholesale inflation rose more than expected last month, driven by fuel costs

Wholesale prices rose more than expected last month, led by a big jump in fuel costs, to levels not seen since 2022.

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Wholesale inflation rose more than expected last month, PBS NewsHour reports. It attributed the increase to a big jump in fuel costs.

NBC News reports that businesses were hit by inflation at levels not seen since late 2022. NBC says that was harder than the hit to consumers. PBS also describes the level as the highest since 2022.

PBS says rising prices are a growing economic challenge for millions of Americans. It also calls them a growing political problem for Republicans ahead of the midterm elections.

Reported by

  1. NBC NewsBusinesses were hit even harder by inflation last month than consumersThu, Oct 15, 9:35 AM EDT
  2. PBS NewsHourWholesale inflation hits levels not seen since 2022Thu, Oct 15, 4:02 PM EDT

This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.