Published 2 years ago

Wholesale prices rose 0.4% in September, more than expected as inflation persists

Summary by Ground News

U.S. producer prices increased more than expected in September amid strong gains in the costs of services and goods. The moderation in annual producer inflation is being driven by an easing in supply chain bottlenecks as well as a retreat in commodity prices. But the pass through to consumer prices has been marginal.

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BBC News

US inflation rises more than expected in September

Efforts to tame inflation in the US have pushed up the dollar and global borrowing costs.

2 years ago·United Kingdom

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Reuters

Rice wholesale prices rose 0.4% month-on-month in September, exceeding expectations

[Washington 12th Reuters] - The September wholesale price index (PPI, goods and services for final demand) announced by the U.S. Department of Labor on the 12th had a month-on-month increase rate of 0.4%, exceeding market expectations of 0.2%. Prices for services and goods have risen significantly. The August portion was revised from a 0.1% drop to a 0.2% drop. September was up 8.5% from the previous year. Market forecasts rose 8.4%. There was a…

2 years ago·United Kingdom

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CNN

This key inflation measure shows prices rose faster than expected last month

A key measure of inflation increased faster than expected in September, raising concerns that the Federal Reserve's aggressive rate hikes are having limited impact in bringing inflation under control.

2 years ago·Atlanta, United States

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KRDO

This key inflation measure shows prices rose faster than expected last month

By Chris Isidore, CNN BusinessA key measure of inflation increased faster than expected in September, raising concerns that the Federal Reserve’s aggressive rate hikes are having limited impact in bringing inflation under control.The US Producer Price Index, which tracks what America’s producers get paid for their goods and services, rose at an annual pace of 8.5% in September, down slightly from the 8.7% rise in August, the Labor Department rep…

2 years ago·Colorado Springs, United States

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KIFI

This key inflation measure shows prices rose faster than expected last month - Local News 8

2 years ago·Idaho Falls, United States

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New York Post

Wholesale inflation higher than expected in September as food prices soar

Wednesday’s report from the Labor Department also showed that the producer price index rose 0.4% in September from August, after two months of declines.

2 years ago·New York, United States

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