U.S. Producer Prices Rise 1.3%, Biggest Monthly Gain Since March 2022
Photo: TokenPost
U.S. producer prices climbed 1.3% in September, their biggest monthly increase since March 2022, adding pressure to inflation expectations that can influence Federal Reserve rate pricing and crypto-market trading. The Bureau of Labor Statistics released the data Oct. 15 at 8:30 a.m. ET (12:30 UTC). The final-demand Producer Price Index rose faster than forecasts of 0.5% to 0.6% monthly and 5.4% annually, reaching 6.3% above its year-earlier level. Core producer prices, which exclude food and energy, rose 0.7% on the month and 5.0% over 12 months. Those increases exceeded forecasts of 0.3% and 4.4%, respectively.
Source: TokenPost
