The Producer Price Index (PPI) in the US rose by 0.5% in September, higher than the Dow Jones estimate of 0.3%, indicating inflation pressure in the economy. Excluding food and energy costs, core PPI increased by 0.3%, compared to expectations of 0.2%. The increase was driven by demand for final goods, which rose by 0.9%, as well as services, which were up 0.3%. The rise was largely due to gasoline, which increased by 5.4%. The headline PPI also increased by 2.2% when compared to the previous year, the highest increase since April. The rise in inflation pressures has led to the Federal Reserve increasing interest rates to stem inflation.
Source: https://coinpedia.org/crypto-live-news/us-ppi-more-than-expected-in-september-indicating-inflation-pressure/