economy United States
U.S. wholesale inflation rises sharply in September
6.3%
The Producer Price Index rose 6.3% in September compared with a year earlier.
The Labor Department reported that wholesale prices rose sharply in September, driven largely by higher fuel costs. The increase raised concerns about further pressure on consumer prices and possible Federal Reserve interest-rate hikes.
1 sourcePBS NewsUpdated
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- 6.3%
The Producer Price Index rose 6.3% in September compared with a year earlier.
“soared 6.3% in September from a year ago”
The annual increase in the Producer Price Index was the largest since December 2022.
“the biggest increase since December 2022”
- 1.3%
Wholesale prices rose 1.3% from August to September.
“wholesale prices rose 1.3% from August to September”
The monthly increase in wholesale prices was the largest since March 2022.
“marking the largest increase since March 2022”