Wholesale inflation remained cool last month in sign that price pressures slowing

Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of pressuring America’s households in the wake of COVID-19

FILE - A worker operates a machine at the BMW Spartanburg plant in Greer, S.C., on Oct. 19, 2022. Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of pressuring America's households in the wake of COVID-19.

The wholesale prices of services rose modestly but were offset by a drop in the price of goods, including a 5.6% August-to-September decline in the wholesale price of gasoline.consumer prices rose just 2.4% The producer price index released Friday can offer an early look at where consumer inflation might be headed. Economists also watch it because some of its components, notably healthcare and financial services, flow into the Fed’s preferred inflation gauge — the personal consumption expenditures, or PCE, index.

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