Wholesale inflation rises again

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Business & Economy Wholesale inflation rises again Comments: by Max Rego - 11/13/26 6:09 PM ET Comments: Link copied by Max Rego - 11/13/26 6:09 PM ET Comments: Link copied Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Wholesale inflation hit nearly four-year high: BLS Wholesale annual inflation hit a nearly four-year high in October, the Bureau of Labor Statistics (BLS) reported Friday. © David Zalubowski, Associated Press The producer price index (PPI) rose 0.3 percent from September to last month and was up 6.5 percent relative to October 2025. That marked the highest annual increase since producer prices were up 7.4 percent year-over-year in November 2022, the BLS reported. In September, producer prices were up 6.3 percent on an annual basis, per the PPI. The annual index has risen in each of the last three months, after declining from 5.9 percent in May, to 5.6 percent in June and 4.9 percent in July, per the BLS. Heather Long, the chief economist at Navy Federal Credit Union, called the latest PPI data “worrying” on Friday. “PPI (basically business inflation) is +6.5% in the past year,” Long wrote on social platform X. “That’s even hotter than the ~4% consumer inflation. Businesses are almost certainly going to pass some of those higher costs onto consumers. “It’s yet another worrisome inflation risk heading into 2027.” Excluding more volatile food, energy and trade services, the PPI increased by 0.5 percent from September to October, unchanged from its monthly rise from August to September. Annually, PPI inflation excluding food, energy and trade services prices was 4.9 percent, the BLS noted. Gas and diesel prices have spiked amid the Iran war, although Long noted the recent rise in producer prices is “not all” due to rising energy prices. The BLS reported consumer price index (CPI) data for October earlier this week, although last year’s record-long government shutdown limited its ability to collect statistics during October 2025. The CPI increased by 0.4 percent from September to October, after rising by 0.6 percent from August to September. Annual CPI inflation was 3.7 percent in September, the BLS reported. Welcome to The Hill’s Business & Economy newsletter, I’m Max Rego — covering the intersection of Wall Street and Pennsylvania Avenue. Did someone forward you this newsletter? Subscribe here. Essential Reads Key business and economic news with implications this week and beyond: Fed unveils 2027 calendar, confirming October meeting will not include rates vote The Federal Reserve on Thursday released next year’s schedule for its Federal Open Market Committee (FOMC), confirming that one meeting will feature discussions on strategy and not a vote on interest rates. Full Story Hassett denies report he is leaving White House Kevin Hassett, the director of the National Economic Council (NEC), pushed back Friday on a report that he will depart the Trump administration in the coming weeks. Full Story Uber reports US driver’s license information stolen during data breach Uber disclosed this week an unauthorized third party improperly accessed the ride-hailing platform’s data, according to a notice shared by the California attorney general’s office. Full Story Bessent: Treasury pushed to blacklist Megaspeed, but ‘Commerce has the pen’ Treasury Secretary Scott Bessent is pointing the finger at Commerce Secretary Howard Lutnick over the Trump administration’s failure to place Nvidia customer Megaspeed on a U.S. trade blacklist for national security concerns. Full Story The Ticker Upcoming news themes and events we’re watching: The Federal Reserve Bank of New York will release monthly manufacturing data on Monday at 8:30 a.m. EST. Fed Chair Kevin Warsh will speak at the central bank’s AI productivity task force conference on Monday at 12 p.m. EST. In Other News Branch out with more stories from the day: Mullin: No indication of ‘nefarious attack’ on FAA as DHS investigates root cause of telecom outage Homeland Security Secretary Markwayne Mullin stressed that Americans flying Friday are safe, even as he said the Department of Homeland Security (DHS) would continue to seek the root cause of a telecom outage that pushed the government to ground flights. Full Story Good to Know Business and economic news we’ve flagged from other outlets: What’s ahead for AI financing after Nvidia CEO Jensen Huang departs (CNBC) Why Jensen Huang’s firing couldn’t happen to Mark Zuckerberg — or many other tech titans (Forbes) Trump officials carry out an ‘unprecedented’ shakeup of USDA leadership (Washington Sun) What Others are Reading Top stories on The Hill right now: Peltola extends lead after new Alaska Senate ballots count In the last uncalled Senate race of 2026, former Rep. Mary Peltola (D-Alaska) gained an additional 5,000 newly counted votes Thursday and extended her lead over Sen. Dan Sullivan (R-Alaska). Read more Stockpiling for disaster: What does the Pentagon know that it isn’t telling us? Living off the grid is no picnic. While people may choose to unplug for the weekend and escape the noise of the city, the simple pleasures of a few days outdoors is very different from surviving when there are no utilities or modern amenities available. Read more What People Think Opinions related to business and economic issues submitted to The Hill: The midterms and a tale of two Americas: Caviar versus cost of living Russia’s economy is reeling — Trump should be raising the pressure if he wants peace You’re all caught up. See you next week! Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Business and Economy newsletter Subscribe Jump to Comments Comments: Tags Copyright 2026 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. 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