Prices received by U.S. producers for final-demand goods and services increased 1.3% in September, the Bureau of Labor Statistics reported October 15. The seasonally adjusted rise followed gains of 0.5% in August and 0.2% in July.

The monthly increase was the largest since March 2022. Over twelve months, final-demand prices rose 6.3% before seasonal adjustment, the strongest annual increase since December 2022.

Goods prices climbed 2.6%, with energy accounting for more than four-fifths of that increase. The final-demand energy index rose 10.8%; gasoline prices at this stage of the economy increased 20.3%. Services prices gained 0.8%.

A measure excluding food, energy and trade services rose 0.5% during September and 5.0% over the year. That provides a separate view of the report without treating volatile energy prices or trade margins as the entire inflation picture.

These are producer-price measures, not a direct forecast of what every household will pay at checkout. The figures cover September activity released in October, and earlier months were revised as additional reports became available. The next PPI release is scheduled for November 13.