Consumer Inflation Gauge Rises 6.2%, Wholesale Inflation 8.6%

The costs of goods and services rose at above-normal rates again in October, according to new federal economic data released Tuesday and Wednesday.

The Producer Price Index tracked by the Bureau of Labor Statistics, which measures wholesale prices, grew 0.6% in October. That puts the index on two straight months of an annual gain of 8.6%, the highest level on…