U.S. producer prices rise 1.3% in September as energy and gasoline costs surge

The Bureau of Labor Statistics reported that the producer price index advanced 1.3% from August, the strongest monthly gain since March 2022. Over the past year, final-demand prices rose 6.3%, the biggest 12‑month increase since December 2022, driven largely by energy, which accounted for more than 80% of the goods price rise. Energy costs climbed 10.8% and gasoline prices jumped 20.3%, representing half of the overall goods increase.

Service prices grew 0.8%, with notable gains in trade, transportation and warehousing, while the index excluding food, energy and trade still rose 0.5% for the month and 5% year‑over‑year. Economists had expected a 0.6% monthly rise and a 5.5% annual increase, and the data signals heightened underlying inflation pressures.