WASHINGTON, D.C. (RFD-TV) — U.S. producer prices rose sharply in September, marking the largest monthly increase since March 2022, according to the Bureau of Labor Statistics.
The report signals continued pressure on businesses as higher input and service costs move through the economy.
The Producer Price Index for final demand increased 1.3 percent in September and was up 6.3 percent from a year earlier. Prices rose 0.5 percent in August and 0.2 percent in July.
Energy costs contributed to the increase, with prices for final-demand goods rising 2.6 percent during the month. Prices for final-demand services increased 0.8 percent.
An index excluding food, energy and trade services rose 0.5 percent in September and was up 5 percent over the past 12 months.
