Producer Prices Jump 1.1% in September

Prices paid to U.S. producers rose 1.1% in September, the Labor Department said Friday.

The increase followed a 1.4% drop in August, Labor said. The so-called core PPI, excluding food and energy, rose 0.1% following a 0.2% gain.

The PPI increase was more than economists’ forecasts of a 0.5% increase, while the core rate was projected to rise 0.2%, Bloomberg reported.
 
An increase in the PPI could indicate strong demand for goods, which would mean more shipments for trucking companies. However, if inflation begins to accelerate too quickly, it could also hurt the economy.