US Wholesale Prices Surge 6.3% Year-on-Year in September, Largest Gain Since 2022

The producer price index for September, released by the Bureau of Labor Statistics on Thursday, far exceeded economists' expectations, underscoring persistent energy-driven inflationary pressure amid the conflict between the United States and Iran. Bureau of Labor Statistics data showed the PPI, a gauge of underlying inflationary pressure, rose 1.3% month-on-month in September and 6.3% year-on-year. The monthly increase was the highest since March 2022, while the annual gain was the largest since December 2022. (Sina Finance)