US Wholesale Prices See Slower Rise in September, Though Inflation Remains High

Wholesale prices in the US increased 0.5% monthly and 8.5% annually in September, driven by higher energy and food prices.

Core PPI, excluding food and energy, rose 0.3% monthly and 6.7% annually, showing some cooling but still elevated inflation.

High gas prices contributed significantly to the rise, though oil prices dropped in October, possibly easing future inflation.

The report indicates inflation is declining but may remain bumpy, complicating the Fed's rate hike plans.

Economists expect a similar trend of high but moderating gas-driven inflation in the upcoming September CPI report.