Wholesale Inflation Rose 0.5% In September, More Than Expected  

• The U.S. Producer Price Index (PPI) for wholesale prices rose more than expected in September, indicating inflation pressures. PPI for finished goods increased by 0.5%, exceeding the estimated 0.3% rise.
• Core PPI (excluding food and energy) increased by 0.3%, surpassing the forecasted 0.2%. Inflation was driven by a 0.9% surge in final demand for goods, notably gasoline prices up by 5.4% and food prices by 0.9%.
• On a year-over-year basis, the headline PPI increased by 2.2%, the largest move since April. This data raises concerns about persistent inflation and potential impacts on interest rates. Federal Reserve closely monitors PPI data for policy decisions, aiming for 2% annual inflation.

(Source: CNBC)