October 11, 2023 8:36am EDT
Wholesale inflation accelerates more than expected in September
Wholesale inflation surges in Septembert as high prices persist
By Megan Henney FOXBusiness
Inflation at the wholesale level surged more than expected in September, underscoring the challenge of taming price pressures within the economy.
The Labor Department said Wednesday that its Producer Price Index, which measures inflation at the wholesale level before it reaches consumers, climbed 0.5% in September from the previous month. On an annual basis, prices are up 2.2%, the largest increase since April.
Those figures are both higher than the 1.6% headline increase and 0.3% monthly figure forecast by Refinitiv economists.
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https://www.foxbusiness.com/economy/wholesale-inflation-accelerates-more-expected-september
