September PPI: producer prices jump 1.3%, the biggest monthly gain since March 2022; annual rise hits 6.3%

U.S. producer prices rose 1.3% in September, the sharpest monthly jump since March 2022, as energy costs surged, the Bureau of Labor Statistics said Thursday.

Final demand goods climbed 2.6% and services advanced 0.8%. On an unadjusted basis, the final demand index was up 6.3% for the 12 months ended in September, the largest annual increase since December 2022.

Energy did most of the work. Final demand energy jumped 10.8% for the month, with gasoline up 20.3%. More than 80% of the goods gain traced to energy. Final demand foods rose 1.2%, while goods excluding foods and energy rose a more modest 0.3%.

Services inflation also accelerated. Trade services margins rose 1.4%, and transportation and warehousing services jumped 3.4%. Nearly half of the services advance came from trade margins, including a 3.9% rise in machinery and vehicle wholesaling margins.

A closely watched gauge that strips out foods, energy, and trade services rose 0.5% in September after a 0.3% gain in August. That measure is up 5.0% from a year earlier.

Further back in the pipeline, processed goods for intermediate demand rose 2.5% and unprocessed goods jumped 8.4%, both led by energy. Crude petroleum surged 28.3% and diesel fuel jumped 21.0% on the intermediate side.

The October PPI is scheduled for Friday, Nov. 13, at 8:30 a.m. ET.

By the numbers

• Final demand PPI: +1.3% in September; +6.3% year over year
• Final demand goods: +2.6%; services: +0.8%
• Final demand energy: +10.8%; gasoline: +20.3%
• Final demand less foods, energy, and trade services: +0.5% month; +5.0% year
• Processed goods for intermediate demand: +2.5%; unprocessed goods: +8.4%

Sources

1. U.S. Bureau of Labor Statistics, “Producer Price Indexes — September 2026,” news release USDL-26-1576, released Oct. 15, 2026, 8:30 a.m. ET.

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Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.