US wholesale prices rose slightly in October, according to government data published Thursday, as an increase in services inflation pushed up the overall figure.
Stock futures gave back earlier gains after wholesale price inflation ticked higher in October. The producer price index rose 0.2% in October, which matched the consensus estimate among economists.
A slowdown in economic activity in China and beyond is putting pressure on consumer and producer inflation. The consumer priceindex slowed from 2.8% to 2.1% y/y in October, the lowest level ...