Higher services costs lift US producer inflation in October
By: Lucia MutikaniNovember 14, 2024 at 8:56 AMBy Lucia MutikaniWASHINGTON (Reuters) -U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline fares, more evidence that progress towards lower inflation was stalling.The report from the Labor Department on Thursday followed on the heels of news on Wednesday that…