Business & Finance · October 15, 2026
Wholesale prices jumped 6.3% annually in September, biggest gain since 2022
In September 2026, the Producer Price Index (PPI) increased by 6.3% on an annual basis and 1.3% month-over-month, exceeding economist expectations of 5.5% and 0.6% respectively. Data from the Bureau of Labor Statistics indicates this was the largest annual rise since late 2022, primarily driven by surging energy costs linked to conflicts in the Middle East and Ukraine. Core PPI, which excludes volatile food and energy, rose 5% annually. Additionally, separate data showed retail sales grew by 0.8% in September, surpassing forecasts but showing a slowdown from the previous month, as high fuel costs impacted consumer spending in other areas.
Read the original coverage
- CNBCMainstream
Wholesale prices jumped 6.3% annually in September, biggest gain since 2022
Read at CNBC ↗ - Washington TimesMainstream
Wholesale prices see biggest rise since 2022, underlining inflation problem
Read at Washington Times ↗ - Just the NewsIndependent
Wholesale prices see a 6.3% annual jump in September, much higher than economists expected
Read at Just the News ↗ - The HillMainstream
Producer prices see largest rise in four years: BLS
Read at The Hill ↗ - New York PostTabloid
Wholesale inflation much hotter than expected as soaring energy costs threaten price hikes through holidays
Read at New York Post ↗ - ABC NewsMainstream
Wholesale prices soar at fastest pace since 2022
Read at ABC News ↗
Reported by multiple outlets
- The Producer Price Index rose 6.3% annually in September.
- The monthly PPI increase was 1.3%.
- Economists polled by Dow Jones had forecasted a 5.5% annual increase and a 0.6% monthly increase.
- Energy prices were a primary driver of the inflationary spike.
- Core PPI (excluding food and energy) rose 5% over the 12-month period.
- The annual gain was the largest since December 2022.
- Geopolitical conflicts in the Middle East contributed to restricted oil supply and price surges.
Reported by only some outlets
- Retail sales grew 0.8% in September, beating the 0.4% expectation.
- Excluding autos and gas, retail sales grew by only 0.25%, down from 1.1% the month prior.
- Consumer Price Index (CPI) rose 3.7% annually and 0.6% monthly in September.
- Fed funds futures traders increased the likelihood of an October rate hike to 34% from 18%.
- Nearly half of the increase in processed goods for immediate demand was linked to diesel fuel prices.
- The war in Ukraine is cited specifically as a factor reducing refined petroleum products.
Industry-friendly coverage frames it as…
Coverage focuses on the impact of wholesale prices on market expectations, Federal Reserve interest rate hikes, and the resulting shifts in consumer spending patterns.
Skeptical / consumer coverage frames it as…
Coverage notes that rising energy and diesel costs are 'spilling over' into other categories, forcing consumers to reduce spending in other areas.
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