September PPI Soars 0.8%; Core Rate Rises 0.8%

WASHINGTON - The producer price index rose 0.8% in September on a seasonally adjusted basis, the Labor Department reported Tuesday.

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The gain came after the index was revised to unchanged for August.

Core producer prices, excluding food and energy, rose 0.2%.

The September gain was higher than the 0.2% projected by economists polled by Thomson Reuters. They projected a 0.1% increase for the core.

The increase in the PPI was led by energy prices, which were up 2.3%.

Food prices were up 0.6%.

Year-over-year the overall PPI was up 6.9%, while core prices were up 2.5%.


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