Wholesale Inflation Jumps in September, Hinting at Further Consumer Price Rises

Producer prices rose 0.5% from August to September, faster than expected and the fastest rate since April.

Wholesale inflation was up 2.2% in September from a year earlier, driven by an uptick in goods prices.

Core inflation, excluding food and energy, rose 0.3% month-over-month and 2.7% year-over-year.

Wholesale price increases are seen as an indicator of where consumer inflation may head next.

Some Fed officials have suggested rates may be left unchanged at the next meeting, spurring a rally in stocks and bonds.