Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years. Consumer prices are thought to have increased 2.

Key Takeaways The Producer Price Index delivered a higher-than-expected annual wholesale inflation rate of 2.4% in October.That was the highest level in three months and above analysts' expectations.Economists don’t expect the higher inflation data to derail an expected December interest rate cut by the Federal Reserve,