Producer Prices Up 8.6% Over Past Year

OMA Connections Partner RSM reports the U.S. Labor Department’s producer price index (PPI) soared 8.6% in the 12 months through October. Here’s a look at the PPI for all manufacturing industries. (Meanwhile, the consumer price index surged 6.2%, the most since December 1990.)

Chad Moutray, chief economist for the National Association of Manufacturers, reports gasoline prices alone rose 6.7% last month. 11/10/2021