A key measure of inflation jumped 8.6 percent in September compared to a year ago, the largest advance since the Labor Department began calculating annual changes in producer prices under the current system in 2010. And a measure of inflation further out in the supply chain jumped 23.9 percent compared with a year ago.
The Producer Price Index for final demand rose 0.5 percent in September, a slowdown after the 0.7 percent gain in August. Compared with a year ago, the Producer Price Index is up 8.6 percent, higher than the 8.3 percent rise reported a month ago.
Prices for materials for durable goods manufacturing rose 1.9 percent for the month and are up a shocking 53 percent year over year. Components rose