Wholesale Inflation Jumps 2.2% in September, Biggest Annual Increase Since April

Wholesale inflation rose 2.2% in September from a year earlier, the biggest annual increase since April.

Producer price index climbed 0.5% from August to September, showing inflationary pressures remain despite higher interest rates.

Core producer prices rose 2.7% over the past year and 0.3% month-over-month, concerning as it may signal more consumer inflation.

Energy and food producer prices increased in September, driving the overall gain.

Some economists believe the Fed may stop raising interest rates soon given signs of cooling inflation.