Thursday, Apr 26, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Companies paid more for gas, food and other goods in September

Core prices tame

WASHINGTON — Companies paid more for gas and food in September to drive wholesale prices up by the most in five months. Outside those volatile categories, inflation was modest.

The Labor Department says the Producer Price Index jumped 0.8 percent in September. Excluding food and energy, the core index increased 0.2 percent.

Wholesale energy prices jumped 2.3 percent, the most since March. That followed three months of declines. Gas prices dropped toward the end of September, though too late to affect that month’s data, according to economists at IHS Global Insight.

Higher prices for pickup trucks, meanwhile, accounted for one-third of the increase in the core index.

Wholesale food prices rose 0.6 percent.

Slower growth in the U.S. and overseas has eased inflation fears in recent months.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…