US wholesale inflation heated up last month amid higher gas prices

Wholesale prices of US goods and services rose for the third consecutive month, according to data from the Bureau of Labor Statistics. The Producer Price Index showed a 2.2% increase for the 12 months ended in September, driven by higher energy and food prices. Economists had predicted a lower increase. The surge in gas prices in September due to supply cuts and flooding in Libya may not have a lasting impact on inflation. The upcoming Consumer Price Index report is expected to show a similar trend.

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FAQ - US Wholesale Inflation

Q: What is the current trend in US wholesale inflation?

A: Wholesale price increases of US goods and services have been increasing for a third consecutive month, indicating a heating up of inflation. [Source: CNN]

Q: What is the main factor contributing to the increase in US wholesale inflation?

A: Higher gas prices have been a significant factor in driving up US wholesale inflation. [Source: CNN]

Q: How does US wholesale inflation compare to previous months?

A: US wholesale inflation has been on an upward trend, with increases reported for a third consecutive month. [Source: CNN]

Q: How is US wholesale inflation related to gas prices?

A: US wholesale inflation has heated up last month, largely due to higher gas prices. [Source: CNN]