Investing.com - U.S. producer prices rose in September, according to data released on Wednesday.
The Labor Department said its producer price index (PPI) increased 0.2% last month. In the 12 months through September, the PPI rose 2.6%.
Economists had forecast the PPI rising 0.2% last month and increasing 2.8% from a year ago.
The so-called core PPI increased by 0.2% from a month earlier and rose 2.5% in the 12 months through September. Those numbers matched market expectations.
Core PPI is a key gauge of underlying producer price pressures that excludes food and energy costs. The Federal Reserve uses PPI data to gauge inflation, as producers who pay more for goods are likely to pass price increases to consumers.
The consumer price index, a key retail inflation metric, is released on Thursday.