US producer prices rose more than expected in September, driven by higher energy costs. The increase in prices points to ongoing inflationary pressures despite higher interest rates. The Producer Price Index (PPI) for final demand rose by 0.5% from the previous month, according to the Bureau of Labor Statistics. Gasoline prices saw a significant increase of 5.4%. This rise in producer prices suggests that the path towards sustainably lower inflation remains uncertain. Despite efforts to control inflation, housing and gas prices continue to rise.
U.S. inflation eased slightly last month as price increases extend slow descent https://t.co/zSrTcTSe2R
Inflation held steady in September as housing and gas prices keep going up https://t.co/3KByeZMGxR
US consumer inflation holds steady in September https://t.co/xBFuoJVrka
U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates. https://t.co/aXTGBuutdz
Prices paid to US producers rose by more than forecast in September, bolstered by higher energy costs that continue to wrinkle the path toward sustainably lower inflation https://t.co/E0bRe72DBY
Prices paid to US producers rose by more than forecast in September, bolstered by higher energy costs that continue to wrinkle the path toward sustainably lower inflation https://t.co/480d9qF0qD
Prices paid to US producers rose by more than forecast in September, bolstered by higher energy costs that continue to wrinkle the path toward sustainably lower inflation https://t.co/EIVCMroCxv
US producer prices increase in September on higher energy costs https://t.co/fKjWDgJ0Jf https://t.co/IqpwAgtpiL
BREAKING: Prices paid to US producers rose by more than forecast in September. - The PPI for final demand advanced 0.5% from a month earlier, according to the Bureau of Labor Statistics - The cost of gasoline increased 5.4% https://t.co/NIqRY55ZDf https://t.co/b4C1PSiI0w
BREAKING: Prices paid to US producers rose by more than forecast in September. - The PPI for final demand advanced 0.5% from a month earlier, according to the Bureau of Labor Statistics - The cost of gasoline increased 5.4% https://t.co/jdwjMe5oEJ https://t.co/XoqtupUzu6
BREAKING: Prices paid to US producers rose by more than forecast in September. - The PPI for final demand advanced 0.5% from a month earlier, according to the Bureau of Labor Statistics - The cost of gasoline increased 5.4% https://t.co/wMRjfGs51E https://t.co/sY6tP9XbIJ
NEW: Prices paid to US producers rose by more than forecast in September, bolstered by higher energy costs that continue to wrinkle the path toward sustainably lower inflation https://t.co/nTb5aMLNfG
US Producer Prices Continue Resurgence In September As Gas Prices Soar https://t.co/yk33p3cTtw