The wholesale cost of U.S. goods and services posted the sharpest increase in October in six months, but aside from higher gas prices, there was little inflation to be found.
The producer price index rose 0.4% last month, a notch higher than the estimate of economists polled by MarketWatch.
Producer prices more broadly continued to recede, however. The 12-month rate of wholesale inflation tapered off to a three-year low 1.1% from 1.4%.
The yearly rate had surged to as high as 3.4% just a year and a half ago.
Source : Market Watch