US wholesale inflation picks up slightly in sign that some price pressures remain elevated ...Middle East

WASHINGTON (AP) — Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from a 0.1% gain the month before. Compared with a year earlier, wholesale prices were up 2.4%, accelerating from a year-over-year gain 1.9% in September. An increase in services prices drove the October increase. Excluding food and energy prices, which tend to bounce around from month to month, so-called core wholesale prices rose 0.3 from Se

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