US September PPI Jumps 6.3% YoY, Signalling Persistent Inflation Pressure
US producer prices rose 1.3% month-on-month and 6.3% year-on-year in September, according to the Bureau of Labor Statistics.
Core PPI, excluding food and energy, increased 0.7% MoM and 5.0% YoY.
Rising fuel prices were a key driver of the increase, indicating continued energy-driven inflationary pressure.
Separate data showed a key consumer-price measure exceeding forecasts, while a six-month input-price expectations gauge reached its highest level since 2022.
Persistent price pressures could complicate the Federal Reserve’s monetary policy outlook and keep interest rates higher for longer.
#WarshPushesToScaleBackForwardGuidanceAndDotPlot
US producer prices rose 1.3% month-on-month and 6.3% year-on-year in September, according to the Bureau of Labor Statistics.
Core PPI, excluding food and energy, increased 0.7% MoM and 5.0% YoY.
Rising fuel prices were a key driver of the increase, indicating continued energy-driven inflationary pressure.
Separate data showed a key consumer-price measure exceeding forecasts, while a six-month input-price expectations gauge reached its highest level since 2022.
Persistent price pressures could complicate the Federal Reserve’s monetary policy outlook and keep interest rates higher for longer.
#WarshPushesToScaleBackForwardGuidanceAndDotPlot