Economic Buzz: US producer price index spikes 6.4% on year in Sep-26

The US Producer Price Index for final demand increased 1.3 percent in September, seasonally adjusted, the US Bureau of Labor Statistics reported today. Final demand prices moved up 0.5 percent in August and 0.2 percent in July. The September increase is the largest advance since rising 1.7 percent in March 2022. On an unadjusted basis, the index for final demand climbed 6.3 percent for the 12 months ended in September, the largest 12-month increase since moving up 6.4 percent in December 2022. In September, prices for final demand goods rose 2.6 percent, and the index for final demand services advanced 0.8 percent. Prices for final demand less foods, energy, and trade services moved up 0.5 percent in September after increasing 0.3 percent in August. For the 12 months ended in September, the index for final demand less foods, energy, and trade services rose 5.0 percent.

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