US wholesale inflation rises 0.3pc in September

(Sharecast News) - US wholesale inflation picked up in September, with the producer price index for final demand rising 0.3% on a seasonally adjusted basis, according to the Bureau of Labor Statistics, following a 0.1% decline in August and a 0.8% gain in July. The September advance was driven by a 0.9% rise in prices for final demand goods, while prices for final demand services were unchanged.

On an unadjusted basis, the index was up 2.7% in the 12 months ended 30 September.

Excluding food, energy and trade services, the PPI edged up 0.1% in September after a 0.3% increase in August. Over the year, it was 2.9% higher.







Reporting by Iain Gilbert at Sharecast.com