U.S. wholesale inflation zooms higher in September

• October 12, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

The producer price index jumped 0.4% in September.

Another measure preferred by economists, known as core PPI, rose a smaller 0.2%. The core rate strips out food, energy and trade margins.

The increase in the PPI pushed the 12-month rate of wholesale inflation to 2.6%, the highest level since February of 2012.