The U.S. wholesale price index, which measures producer-side inflation, slowed month-on-month in September, but continued to accelerate year-over-year, climbing to its highest level since April, driven again by gasoline prices.
Prices rose 0.5% month-on-month in September, compared to 0.7% in August, according to the PPI producer price index released Wednesday by the Labor Department.
The slowdown is less severe than expected, however, since analysts saw the index falling to 0.3%, according to the Briefing.com consensus.
And over one year, the price increase is 2.2%, compared to 2.0% in August (data revised upwards).
As in August, wholesale prices were driven by gasoline prices at the pump.
Excluding food and energy, the increase is 0.2% over one month, as in August, and it slows down over one year, to 2.8% compared to 2.9% in August.
Inflation on the consumer side is measured in particular by two indices, the CPI and the PCE.
The CPI inflation index, on which pensions are indexed, will be published on Thursday for the month of September. After starting to rise again this summer, it should resume its decline, and increase by 3.6% over one year, against 3.7% last month, according to the MarketWatch consensus.
The PCE index, favored by the Fed, will be published later in the month, just before the next meeting of the central bank, on October 31 and November 1.
2023-10-11 13:08:43
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