Greg Robb is a senior reporter for MarketWatch in Washington. Follow him on Twitter @grobb2000.
The numbers: The producer price index rose 0.5% in September, the Labor Department said Tuesday. That’s down slightly from an 0.7% increase in August.The core producer price index, which excludes volatile food, energy prices, and trade services rose 0.2% in September for the second straight month.
Over the past year, headline PPI is up 2.2% in September, up from 2% in the prior month. This is the highest rate since April.Key details: For the second straight month, goods prices outpaced service costs, a break in the recent trend.The cost of services rose 0.3% last month, up slightly from 0.2% in August.
Energy prices rose 3.3% in September, down from a 10.3% gain in the prior month but still a strong gain.
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