Wholesale prices jumped 6.3% annually in September, biggest gain since 2022

Wholesale prices jumped 6.3% annually in September, the biggest gain since 2022, according to data released Thursday. The increase exceeded the consensus estimate by Dow Jones, which had expected a 0.6% month-over-month rise and 5.5% annual gain. The hotter-than-expected producer price index signals persistent inflation pressures in the economy.