INFLATION FLARE: Wholesale Prices Spike 6.3% Yearly, Biggest Gain Since 2022...

U.S. wholesale prices accelerated at their fastest annual pace since 2022 this September, with the Producer Price Index climbing 6.3 percent year-over-year. The surge signals persistent inflation at the factory level, which typically precedes consumer-facing price increases at retail. While wholesale inflation has moderated from its 2021-2022 peaks, this jump suggests cost pressures remain embedded in supply chains and could keep pressure on the goods consumers buy in the months ahead.