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U.S. Supplier Price Increases Eased in October, Taking Pressure Off Inflation

November 15, 2022


U.S. supplier price increases slowed in October for the second straight month, a sign inflation pressures could be abating.

The producer-price index, which generally reflects supply conditions in the economy, climbed 8% on a 12-month basis in October, the Labor Department said Tuesday. That marked a slight easing from September’s revised 8.4% increase, and was down sharply from the 11.7% increase in March, the highest since records began in 2010.

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