Producer Price Index: Up 1.3% In September, Better Than Expected

What happened: The Producer Price Index rose 1.3% in September, above the anticipated 0.6% reading. Key numbers: September PPI up 1.3% month over month versus 0.6% expected. Headline PPI up 6.3% year over year versus 5.3% forecast. Why it matters: The monthly and annual readings both came in above forecasts, indicating producer prices rose faster than anticipated. Coverage: 3 outlets in 24h

The Producer Price Index rose 1.3% in September, above the anticipated 0.6% reading.

The monthly and annual readings both came in above forecasts, indicating producer prices rose faster than anticipated.