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Major Inflation Indicator Hits Highest Rate Since Biden Era

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Cite

Peterson, P. (2026, November 13). Major Inflation Indicator Hits Highest Rate Since Biden Era. The Daily Caller. https://dailycaller.com/2026/11/13/prices-are-sky-high-and-consumers-suffer-inflationppi-cpi-inflation

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The Daily Caller · collected 2026-11-13 · by Pete Peterson

Quick Summary

The Bureau of Labor Statistics reported on Friday that the Producer Price Index (PPI) rose to a year-over-year rate of 6.5%, the highest level since November 2022. This figure remains significantly higher than the 4% Consumer Price Index and exceeds the Federal Reserve's 2% target, with the index excluding food and energy sitting at 5%. The report suggests that high production costs, potentially driven by the Iran War and tariffs, may entrench long-term consumer prices as businesses pass these costs along.
Written by AI on 2026-11-13, from this article's own text only (the story summary below draws on all the coverage).
See how they differ ↓

How they differ

3 outlets covered “Wholesale prices increased 0.3% in October, less than”.

What each outlet says

One AI summary per outlet of its latest article on this story, written from that article alone and checked against it. Open the article for the outlet's own words.

Daily CallerThis outlet13 Nov

The Bureau of Labor Statistics reported on Friday that the Producer Price Index (PPI) rose to a year-over-year rate of 6.5%, the highest level since November 2022. This figure remains significantly higher than the 4% Consumer Price Index and exceeds the Federal Reserve's 2% target, with the index excluding food and energy sitting at 5%. The report suggests that high production costs, potentially driven by the Iran…

Major Inflation Indicator Hits Highest Rate Since Biden Era (this article)
Just the News13 Nov

The U.S. Bureau of Labor Statistics reported that the producer price index rose a seasonally adjusted 0.3% in October, falling short of the 0.4% increase forecasted by Dow Jones. While the monthly gain was lower than expected, the annual PPI rate accelerated to 6.5%, marking the highest annual rate since November 2022. The report highlights that despite the lower-than-expected monthly figure, core PPI—which excludes…

Wholesale prices increased 0.3% in October, less than forecasted, but inflation pressures persist →2 articles from Just the News on this story
Washington Examiner13 Nov

The Bureau of Labor Statistics reported on Friday that the producer price index rose two-tenths of a percentage point to 6.5% for the year ending in October. This data highlights a period where economists are closely monitoring inflation and energy prices due to the ongoing war with Iran. The report focuses on the concern that elevated energy costs will eventually filter through to general inflation levels.

Producer prices rose to 6.5% in October →

Compared with similar articles

This article reads leans right and hedges 19% of its claims. Each row says how that neighbour differs.
Just The News
Hedges 0 of 5 claims Outlet record 94/100
Washington Examiner
Hedges 0 of 2 claims Outlet record 67/100
Just The News
Hedges 0 of 5 claims Outlet record 94/100

Story

Wholesale prices increased 0.3% in October, less than
Other · 4 article(s) covering the same event. See how they differ ↑
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
16
sentences that state something as happening or true
Uncertain
19%
3 of 16 hedged ("reportedly", "may", "according to")
Leaning
Leans right
of the writing, not the subject · beta estimate
Publisher signals
92/100
The Daily Caller's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
4
Other
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-11-13 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

The Daily Caller · 225 article(s) · 0 correction(s) detected
No corrections detected for this publisher. That may mean careful reporting, or simply that nothing has been checked.

Who wrote this

Pete Peterson
5 article(s) here · 1 carrying a prediction
The report suggests that inflation due to the Iran War and tariffs might entrench high prices for consumers in the long term.
(RELATED: Businesses Warn Another Round Of Price Increases Could Be Coming)
It’s all about when do we allow the admission of foreign workers, given the fact that we’re concerned that foreign workers will undercut the economic status of domestic workers,” Associate Justice Elena Kagan said.
Eventually the project developers won at the Supreme Court, seven-two, but after that much delay and after the cost ballooned that much, they decided less than three weeks after the case was decided that they would have to cancel the project because it just simply became uneconomical,” he added. Ellis wrote about the pipeline in a Nov. 6 op-ed for the Daily Caller News Foundation he co-authored with AFPI Vice Chair for Energy & Environment Policy Oliver McPherson-Smith.
Also by Pete Peterson
Nothing else under this byline is closely related to this article, so these are simply their most recent.

Topics

BLS CNBC Navy Federal the Bureau of Labor Statistics the Iran War

Subjects

BLS ORG · 2× CNBC ORG · 2× Heather Long PERSON · 2× Austan Goolsbee PERSON · 1× Chicago Fed ORG · 1× Long PERSON · 1× Navy Federal ORG · 1× The Federal Reserve’s ORG · 1× the Bureau of Labor Statistics ORG · 1× the Federal Reserve ORG · 1×

Narrative

“We’ve been above 2% for almost six years, and while it sometimes [seems like] we were making progress, lately we’re not making any progress, and if anything, it’s going the wrong way,” Chicago Fed President Austan Goolsbee told CNBC.
framing: assertive · carried by 1 article(s) · first seen 2026-11-13
The report suggests that inflation due to the Iran War and tariffs might entrench high prices for consumers in the long term.
2026-11-13 · The Daily Caller
Major Inflation Indicator Hits Highest Rate Since Biden Era · assertive framing

Claims (16 extracted, 3 hedged)

The Producer Price Index (PPI) hit its highest rate since 2022, the Bureau of Labor Statistics (BLS) reported Friday. asserted
Bureau → hit → Statistics
PPI, which measures the average change over time in the selling prices of domestic producers, rose to its highest rate since November 2022, CNBC reported. asserted
CNBC → measure → November
The report suggests that inflation due to the Iran War and tariffs might entrench high prices for consumers in the long term. uncertain
inflation → suggest → term
PPI surged to 6.5% year over year, according to the BLS. uncertain
PPI → surge → BLS
While prices increased less than expected in October, rising 0.3% as opposed to the anticipated 0.4%, annual PPI remains inflated. asserted
PPI → increase → %
That’s even hotter than the ~4% consumer inflation. asserted
That → ’ → inflation
Businesses are almost certainly going to pass some of those higher costs onto consumers. asserted
Businesses → go → consumers
It’s yet another worrisome inflation risk heading into 2027. asserted
It → ’ → 2027
And no, it’s not all diesel/gas. asserted
it → ’ → ?
PPI excluding food and energy = +5.0% CPI excluding food and energy = +2.8% — Heather Long (@byHeatherLong) November 13, 2026 While the Consumer Price Index (CPI) is at 4% on the year, the higher PPI suggests that businesses could pass these production costs onto consumers, Chief Economist at Navy Federal Heather Long said in an X post. uncertain
Long → exclude → post
This wave of inflation stems from more than just energy constraints. asserted
wave → stem → constraints
Annual PPI excluding food and energy is 5%, Long said. asserted
Long → exclude → food
(RELATED: Home Sales Dropping Like A Rock, Reach 16-Year Lows) asserted
Sales → drop → Lows
PPI is well above the 2% target set by the Federal Reserve. asserted
PPI → set → Reserve
“We’ve been above 2% for almost six years, and while it sometimes [seems like] we were making progress, lately we’re not making any progress, and if anything, it’s going the wrong way,” Chicago Fed President Austan Goolsbee told CNBC. asserted
Goolsbee → seem → CNBC
Consumers are feeling financial pain, and midterm voters most worried about the economy swung 60 points to Democrats since 2024. asserted
voters → feel → 2024
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