According to a report by the U.S. Department of labor, producer price index (PPI) in the U.S. in September rose by 0.4% compared with the previous month, after rising 0.2% in August.
Analysts predicted increase in September increased by 0.4%.
Over the past 12 months the producer price index rose by 2.6%, accelerating the rate of increase from +2.4% in August. The annual rate rose at the fastest rate for the period from February 2012.
Excluding prices for energy and food, core producer price index (core PPI) in September rose by 0.4% compared to the previous month in comparison with the forecast of an increase of 0.2%.
Over the past 12 months, the core PPI rose by 2.2% compared to +2.0% in August.