• From the Associated Press:
"U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates.
"The Labor Department reported Wednesday that its producer price index — which measures inflation before it hits consumers — climbed 2.2 percent from a year earlier. That was up from a 2 percent uptick in August.
"On a month-to-month basis, producer prices rose 0.5 percent from August to September, down from 0.7 percent from July to August.
Excluding volatile food and energy prices, so-called core inflation rose 2.7 percent in September from a year earlier and 0.3 percent from August. The Federal Reserve and many outside economists pay particular attention to core prices as a good signal of where inflation might be headed."
