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Wholesale Prices Up 2.2 Percent in September, the Biggest Yearly Gain Since April, Underscoring Inflation’s Persistence

Wednesday’s numbers, driven by an uptick in the price of goods, are higher than economists had expected as observers await Thursday’s release of consumer price data.

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File - Heinz ketchup is displayed in a Target store in Upper Saint Clair, Pa., on Friday, July 7, 2023. On Wednesday, the Labor Department releases producer prices data for September. ( — File - Heinz ketchup is displayed in a Target store in Upper Saint Clair, Pa., on Friday, July 7, 2023. On Wednesday, the Labor Department releases producer prices data for September. ( AP/Gene J. Puskar, file

Oct 11, 2023, 09:26 AM ET

WASHINGTON — Wholesale prices rose last month at the fastest pace since April, in the latest signal of stubborn inflationary pressure despite a year and a half of higher interest rates.

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WASHINGTON — Wholesale prices rose last month at the fastest pace since April, in the latest signal of stubborn inflationary pressure despite a year and a half of higher interest rates.

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