September US Producer Price Index, Core PPI Rise More Than Expected

08:43 AM EDT, 10/15/2026 (MT Newswires) -- The US Producer Price Index rose by 1.3% in September following a 0.5% increase in August, well above the 0.6% gain expected in a survey compiled by Bloomberg as of 7:50 am ET. Energy prices surged by 10.8% in the month, while food prices increased by 1.2%. After excluding food and energy prices, core PPI increased by 0.7%, above the 0.3% gain expected and following a 0.2% gain in the previous month. PPI was up 6.3% year-over-year in September while core PPI increased by 5.0% year-over-year, both above their respective August rates. The year-over-year rate for PPI excluding food, energy and trade services increased to 5.0% from 4.8% in the previous month. The monthly producer price index, or PPI, reported by the Bureau of Labor Statistics measures the index level of prices received by producers for products such as energy, food, vehicles, and services. The core measure, excluding the volatile food and energy components, is a measure of underlying inflation. Sharply higher prices are a sign of demand, but an increase at the producer level without a pass-through to the consumer level would suggest smaller profits at the retail level. As a result, the stock reaction depends on the movements at both levels. Higher inflation is generally a negative for bonds.