US Producer Prices Rise Due to Gasoline and Food, While Core Inflation Remains Stable

US producer prices rose more than expected in September due to higher costs for energy products and food, while underlying inflation pressures at the factory gate continued to ease. The producer price index for final demand increased by 0.5% last month, exceeding economists' expectations. However, the narrower measure of PPI, which excludes food, energy, and trade services, only rose by 0.2%. While core inflation is cooling, higher gasoline and food prices could hinder progress and raise the cost of other goods, potentially leading to increased inflation expectations. The Federal Reserve is closely monitoring these developments as it considers future interest rate decisions.