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US producer prices rise at fastest pace since 2022 on energy costs
Original: Bloomberg: US Producer Prices Up Most Since 2022 as Energy Pain Worsens "...US producer prices rose in September at the
US producer prices rose in September at the fastest pace in more than four years, driven largely by higher energy costs, according to Bloomberg. The jump, the steepest since 2022, points to renewed inflation pressure at the wholesale level and raises questions about how much of the energy-driven cost increase will pass through to consumers.
Why now: Fresh September inflation data showing wholesale prices accelerating on energy costs is drawing attention to the inflation outlook and Federal Reserve policy.
United StatesFederal ReserveBloomberg
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2382569