CNN —A key measure of inflation increased faster than expected in September, raising concerns that the Federal Reserve’s aggressive rate hikes are having limited impact in bringing inflation under control. But the report showed prices rose 0.4% month-over-month. Energy prices ticked up 0.7% in September, compared to August, after two month-over-month declines in July and August, and food prices posted a 1.2% one-month increase after a slight decline in August. While these increases represent the wholesale prices, they are likely to be passed on to consumers in the form of higher grocery prices. Excluding food and energy prices from overall producer prices, the core PPI rose 0.3% month over month and 7.2% year over year.

Source: CNN October 13, 2022 11:33 UTC