{"id":1685124,"date":"2022-10-12T11:06:12","date_gmt":"2022-10-12T15:06:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1685124"},"modified":"2022-10-12T11:11:32","modified_gmt":"2022-10-12T15:11:32","slug":"in-sign-of-heightening-inflation-producer-prices-spike-higher-than-expected","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/in-sign-of-heightening-inflation-producer-prices-spike-higher-than-expected\/","title":{"rendered":"In Sign of Heightening Inflation, Producer Prices Spike Higher Than Expected"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fin-sign-of-heightening-inflation-producer-prices-spike-higher-than-expected%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1685124&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><figure id=\"attachment_1685129\" aria-describedby=\"caption-attachment-1685129\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-scaled.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1685129\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-scaled.jpg\" alt=\"If my image resonates with you, and you would like to support my art, you can do so through cash app, cash.app\/$itsbrittaniburnsI appreciate everything and your support really does make a difference and means so much.\" width=\"2560\" height=\"1707\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-scaled.jpg 2560w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-300x200.jpg 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-1024x683.jpg 1024w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-768x512.jpg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-1536x1024.jpg 1536w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-2048x1365.jpg 2048w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-1222x815.jpg 1222w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-922x615.jpg 922w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-675x450.jpg 675w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/if-my-image-resonates-with-you-and-you-would-like-to-support-my-art-you-can-do-so-through-cash-app-cashappitsbrittaniburnsi-appreciate-everything-and-your-support-really-does-make-a-difference-and-mea-stockpack-unsplash-480x320.jpg 480w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-1685129\" class=\"wp-caption-text\">Photo by <a class=\"stockpack-author\" href=\"https:\/\/unsplash.com\/@brittaniburns?utm_source=Stockpack&amp;utm_medium=referral&amp;utm_campaign=api-credit\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Brittani Burns<\/a> on <a class=\"stockpack-provider\" href=\"https:\/\/unsplash.com\/photos\/pEu_jnyi2c4?utm_source=Stockpack&amp;utm_medium=referral\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Unsplash<\/a><\/figcaption><\/figure>\n<p>WASHINGTON (Reuters)\u2014U.S. producer prices increased more than expected in September amid strong gains in the costs of services and goods, suggesting inflation could remain uncomfortably high for a while.<\/p>\n<p>The producer price index for final demand rebounded 0.4% last month, the Labor Department said on Wednesday. Data for August was revised lower to show the PPI falling 0.2% instead of dipping 0.1% as previously reported. In the 12 months through September, the PPI increased 8.5% after advancing 8.7% in August. Economists polled by Reuters had forecast the PPI rising 0.2% and climbing 8.4% year-on-year.<\/p>\n<p>The moderation in annual producer inflation is being driven by an easing in supply chain bottlenecks as well as a retreat in commodity prices from the highs seen in the spring. But the pass through to consumer prices has been marginal.<\/p>\n<p>Oil and gasoline prices have likely bottomed following last week&#8217;s decision by the Organization of Petroleum Exporting Countries and allies to cut crude production.<\/p>\n<p>Data on Thursday is likely to show consumer prices picking up in September, according to a Reuters survey of economists, sealing the case for the Federal Reserve to raise interest rates by 75 basis points next month for the fourth time this year.<\/p>\n<p>Financial markets have almost priced-in a rate hike of three-quarters of a percentage point at the Fed&#8217;s Nov. 1-2 policy meeting, according to CME&#8217;s FedWatch Tool.<\/p>\n<p>The Fed has since March raised its policy rate from near zero to the current range of 3.00% to 3.25%.<\/p>\n<p>Excluding the volatile food, energy, and trade services components, producer prices also rose 0.4% in September. The so-called core PPI gained 0.2% in August.<\/p>\n<p>In the 12 months through September, the core PPI rose 5.6% after a similar increase in August.<\/p>\n<p>(Reporting By Lucia Mutikani; Editing by Chizu Nomiyama)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON (Reuters)\u2014U.S. producer prices increased more than expected in September amid strong gains in the costs of services and goods, suggesting inflation could remain uncomfortably high for a while.<br \/>\nThe post In Sign of Heightening Inflation, Producer Prices Spike Higher Than Expected appeared first on Washington Free Beacon.<\/p>\n","protected":false},"author":66,"featured_media":1685126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1685124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1685124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1685124"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1685124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1685126"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1685124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1685124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1685124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}