U.S. Supplier Prices Increased in September, Maintaining Pressure on Inflation
Producer-price index gains remain high but have eased from steep advances recorded earlier this year
U.S. suppliers raised their prices in September after cutting them the prior two months, possibly indicating some inflation pressures are picking up again.
The producer-price index, which measures the prices that suppliers are charging businesses and other customers, rose a seasonally adjusted 0.4% last month compared with a revised 0.2% decrease in August, the Labor Department said on Wednesday. Higher food prices and home-heating costs drove the increase.