RPT-US Sept producer prices rise 0.4 pct

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WASHINGTON, Oct 14 (BestGrowthStock) – Rising food and energy
prices pushed inflation at the wholesale level up twice as fast
as expected last month, and prices excluding those staples rose
at the fastest annual pace in a year, data released by the
Labor Department showed on Thursday.

The overall producer price index rose 0.4 percent in
September and the core index, which excludes volatile food and
energy prices, rose 0.1 percent in the month. Economists polled
by Reuters had expected overall prices to rise just 0.2 percent
and the core producer price index to rise 0.1 percent in
September.

Wholesale prices over the past year also rose faster than
expected. Overall prices rose 4.0 percent from a year ago,
compared to a 3.7 percent forecast. Core prices rose 1.6
percent over the past 12 months, the fastest pace since
September 2009 and slightly faster than the 1.5 percent
expected pace.

The Labor Department said food costs rose 1.2 percent in
September after falling 0.3 percent in August. Energy prices
rose 0.5 percent in September after rising 2.2 percent in
August.
(Reporting by Corbett B. Daly; Editing by Andrea Ricci)

RPT-US Sept producer prices rise 0.4 pct