Wholesale goods cause inflation to rise

(CNN)– Prices on wholesale goods are pushing inflation higher.

Tuesday, Nov. 25, a Bureau of Labor Statistics report revealed that prices for wholesale goods jumped .9% in September.

That’s the biggest increase in more than a year-and-a-half.

Prices for wholesale ‘services’ however stayed flat.

Energy costs played a big role for the increase, notably sharp rises in gas prices.

Federal Reserve officials are split on if they should lower interest rates again.

Policymakers plan to meet in December to assess possible future rate cuts.