U.S. Wholesale Prices Rise 6.5% Year Over Year to October
The annual increase was the fastest since November 2022, while the monthly pace cooled sharply.
Bitcoin’s inflation problem has a fresh complication. U.S. wholesale prices rose 6.5% over the year to October, their fastest annual increase since November 2022, even as the monthly pace cooled sharply.The November 13 Producer Price Index release offers ammunition for two competing readings: the l…