Wholesale inflation declined last month yet remains stubbornly elevated ↗
Wholesale inflation cooled a bit last month yet remains elevated, evidence of stubbornly higher prices that have soured Americans on the economy and fueled big gains for Democrats in the midterm elections last week. The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 0.3% from September to October, down from a 1.4% jump in the previous month. Yet compared with a year earlier, it jumped 6.5%, up from 6.