Wholesale inflation flat in September, up 1.8% from a year ago and lower than expected

11 Oct 2024, 14:16 by Doug Cunningham · UPI

Oct. 11 (UPI) -- In another sign of easing U.S. inflation, Producer Price Index September wholesale inflation was unchanged Friday, lower than the 0.1% expected by surveyed Dow economists. It rose 1.8% from September 2023.

"The Producer Price Index for final demand was unchanged in September, seasonally adjusted," the Bureau of Labor Statistics said in a statement. "The index for final demand less foods, energy, and trade services inched up 0.1% in September after rising 0.2% in August."