U.S. PPI for Final Demand Rises 1.3% in September

The U.S. Bureau of Labor Statistics reported that the Producer Price Index for final demand increased 1.3 percent in September, seasonally adjusted. Final demand goods prices rose 2.6 percent, and final demand services prices rose 0.8 percent. The September increase was the largest since March 2022, with the goods increase being the largest since December 2009; over 80 percent of the broad-based rise in goods was due to a 10.8 percent jump in final demand energy prices, and nearly half of the services increase was attributed to a 1.4-percent rise in margins for final demand trade services.