PPI report today: September wholesale prices rose faster than expected, putting new pressure on Fed
US wholesale prices surged 1.3% in September, the steepest monthly increase since March 2022. According to the Bureau of Labor Statistics, this jump follows a 0.5% rise in August and a 0.2% rise in July. Annual wholesale inflation reached 6.3%, exceeding Dow Jones consensus estimates of a 0.6% monthly and 5.5% annual increase. The spike, driven by rising diesel, commodity, and transport costs, increases pressure on the Federal Reserve to consider rate hikes ahead of its late-October meeting.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ The Producer Price Index for final demand increased 1.3 percent in September.
- ✓ Wholesale prices jumped 6.3 percent annually in September.
- ✓ The September increase is the largest advance since March 2022.
- ✓ Final demand prices rose 0.5 percent in August and 0.2 percent in July.
What changed
The Bureau of Labor Statistics released September Producer Price Index data showing a 1.3% monthly increase.
Live updates
-
US Wholesale Prices Jump 1.3% in September, Largest Gain Since 2022
US wholesale prices surged 1.3% in September, the steepest monthly increase since March 2022. According to the Bureau of Labor Statistics, this jump follows a 0.5% rise in August and a 0.2% rise in July. Annual wholesale inflation reached 6.3%, exceeding Dow Jones consensus estimates of a 0.6% monthly and 5.5% annual increase. The spike, driven by rising diesel, commodity, and transport costs, increases pressure on the Federal Reserve to consider rate hikes ahead of its late-October meeting.
Why it matters
The Producer Price Index tracks inflation from the perspective of the producer, often serving as a precursor to consumer price changes. This report is the second hotter-than-expected inflation reading this week. It arrives just weeks before the midterm elections.
What is confirmed
- The Producer Price Index for final demand increased 1.3 percent in September.
- Wholesale prices jumped 6.3 percent annually in September.
- The September increase is the largest advance since March 2022.
- Final demand prices rose 0.5 percent in August and 0.2 percent in July.
- Dow Jones consensus estimates projected a 0.6 percent monthly increase and a 5.5 percent annual increase.
Still unconfirmed
- New York Harbor diesel spot prices rose 107 percent from a year earlier in September.
What to watch next
- Federal Reserve policy decision at the late-October meeting
- Upcoming consumer price index data to see if wholesale spikes reach retail levels
confidence 100%Sources used for this update (13)
- snowshagal.com — Diesel, Not Crude | Snowshagal Research No.10 | Snowshagal
- CNN — Wholesale inflation jumped in September by most in four years
- MarketWatch — PPI report today: September wholesale prices rose faster than expected, putting new pressure on Fed — live updates
- CNBC — Wholesale prices jumped 6.3% annually in September, biggest gain since 2022
- www.iheart.com — ONE THIRD OF TRUMP '24 VOTERS ABANDON HIM AS MIDTERMS LOOM -10.12.26
- Reuters — US producer prices post largest gain in 4-1/2 years; expensive gasoline boosts retail sales
- www.cnn.com — Wholesale inflation surged in September, keeping ... - CNN
- BBC — 'It's rough out here': Americans struggle to survive amid rising costs
- www.cnbc.com — September producer price index, retail sales data - CNBC
- www.bls.gov — Producer Price Index News Release summary - 2026 M09 Results
- www.investmentnews.com — PPI shatters expectations, piling more rate hike pressure on ...
- www.clarin.com — September PPI report: Why wholesale prices jumped 1.3% vs ...
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community