The U.S. Labor Department data released on Wednesday showed that the final demand producer price index rose 0.4% from August, the first increase in three months and an increase of 8.5% from the same period last year.

Data released on Wednesday by the U.S. Department of Labor (Labor Department) showed that the final demand producer price index (PPI) rose 0.4% from August, the first increase in three months and an increase of 8.5% from the same period last year. The rise in U.S. producer prices exceeded expectations in September, indicating that inflationary pressures will take time to ease and allow Fed to continue on the road to positive rate hikes.

Specific data shows:

Excluding food and energy components with high fluctuations, the core PPI rose by 0.3% in September, up 7.2% from the same period last year.

Bloomberg) survey median estimates PPI to rise by 0.2% month-on-month and core cpi to rise by 0.3% month-on-month.

Although supply chain disruptions generally improve, the costs of energy, food and services have increased. Two-thirds of PPI growth came from service industries such as tourism and accommodation prices, food retail, portfolio management and inpatient care.

U.S. consumer price index (cpi) to be released on Thursday is expected to rise strongly again, highlighting that inflation is still at a fast and wide range of levels, which may prompt Federal Reserve policymakers to raise the benchmark rate by another 75 basis points next month.

Many companies have successfully passed on most, if not all, of the rising input and labor costs, but it is unclear how long they can do so as consumers begin to hesitate about price increases.

reported Wednesday that commodity prices rose by 0.4%, reflecting the rise in energy and food prices. Food prices rose 1.2%. The commodity cost index, excluding food and energy, has not changed. The price of

service rose 0.4%, the largest increase in three months.

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