U.S. PPI rose more than expected in September

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Source: Forexpros
© Scanpix/AFP

Wholesale prices rose in the world's biggest economy rose more than initially expected last month, as fuel costs jumped. According to the Labor Department, U.S. PPI climbed to a seasonally adjusted 1.1% in September, after a 1.7 per cent gain in the preceding month. The rate came better than a consensus estimate of analyst' who has predicted a 0.8% gain.

"In regards to inflation, we have seen rising costs in commodity-related products throughout the year although at lower levels than last year," William Giles, chief financial officer at AutoZone Inc. (AZO), said during a Sept. 19 earnings call. "We expect subdued producer pricing heading into the New Year, and therefore we feel costs will be predictable and manageable."

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