Wholesale Inflation Rises 8 Percent, but Stocks Jump as Investors Thought It Would Be Worse

Wholesale Inflation Rises 8 Percent, but Stocks Jump as Investors Thought It Would Be Worse
Traders work on the floor of the New York Stock Exchange in New York City, on Sept. 21, 2022. Michael M. Santiago/Getty Images
Tom Ozimek
Updated:
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Wholesale inflation rose by 8 percent in annual terms and 0.2 percent in monthly terms in October, suggesting inflationary pressures for consumers are far from dissipated, but stocks rallied on the opening bell as investors thought the price data would be worse.

Investors expected that inflation from the perspective of business input costs, as measured by the Producer Price Index (PPI), would rise 8.3 percent in the 12 months through October, and by 0.5 percent month over month.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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