US September PPI rises 6.3% YoY, above 5.3% estimate

US September PPI rose 6.3% year-on-year, above the 5.3% estimate, the highest annual producer inflation rate since December 2022. Prices jumped 1.3% month-over-month, more than double the 0.5% expected pace, per Bureau of Labor Statistics data. Core PPI rose 5.0% versus a 4.4% estimate and 4.6% prior, and rate-hike odds are rising on the news.

Detected & updated continuously · Source: Nebula