US wholesale prices rise to near four-year high

October PPI climbs 0.3%, pushing annual inflation to 6.5% and pressuring the Fed toward more rate hikes

Economy & Prices · 18 sources · November 13, 2026 at 7:00 PM

U.S. wholesale prices rose 0.3% in October, pushing the annual producer price index to 6.5%, the highest rate in nearly four years, according to multiple reports. Inflation shows signs of broadening across categories, keeping pressure on the Federal Reserve to continue hiking rates. The Fed, which had expected rate cuts, is now bracing for another inflation fight, with some outlets reporting the central bank is signaling a December rate hike.

“Wholesale inflation declined last month yet remains stubbornly elevated    AP News”
— Associated Press

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