Wholesale prices see slight rise in October, up 0.2% from September

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Wholesale prices see slight rise in October, up 0.2% from September
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Wholesale prices nudged a bit higher last month. The producer price index, which tracks inflation before it hits consumers, increased by 0.2%.

Wholesale prices nudged a bit higher last month. The producer price index, which tracks inflation before it hits consumers, increased 0.2%, up one-tenth of a percentage point from September.

Jared Pincin, an economics expert tells us, that wholesale prices going up didn't come as a big surprise.numbers show that compared to a year ago, wholesale prices were up 2.4%. But Pincin says it's important to understand that doesn't mean a producer's production costs have gone up 2.4%.So if wholesalers are paying more, what does that mean for consumers? Pincin says he believes those extra costs could get passed down.

chair Jerome Powell saying on Thursday that interest rates might not be much lower over the next few months, Vastani says it will be interesting to see what happens. "As we're trying to tweak this delicate balance between reducing the overall interest rates without causing inflation, we're going to see some of these sort of changes," said Vastani.

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