Updated

Wholesale prices rose 0.3% in October, according to a CNBC Top News report published on November 13, 2026, and the annual rate reached 6.5%, the highest in nearly four years. The Dow Jones consensus had expected the producer price index to increase 0.4% for the month. The reading comes as traders have increased their bets on a December rate hike by the Federal Reserve, after the October inflation reading also came in higher than expected. The report did not include details on market reaction.