Producer Prices Rise More Than Expected in September on Higher Energy and Food Costs

Producer prices increased 0.5% in September, more than expected, due to higher energy and food costs.

Excluding food, energy and trade services, core producer prices rose 0.2% in September.

On a yearly basis, producer prices increased 2.2% overall and core prices rose 2.8% in September.

Gasoline prices jumped 5.4% in September, accounting for much of the increase in overall producer prices.

Some services like healthcare and hotel costs rose while airline ticket prices fell in September.