Wholesale Inflation in the US rose more than expected in September, indicating ongoing inflation pressures for the economy. The producer price index increased by 0.5% for the month, higher than the forecasted 0.3% rise. Excluding food and energy, the core PPI was up 0.3%, in line with expectations. Inflation pressures were primarily driven by final demand goods, which increased by 0.9%, while services increased by 0.3%. The report suggests that inflation may persist, leading to higher interest rates. The Federal Reserve uses the PPI as a leading indicator for inflation and will release the consumer price index on Thursday.

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