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The numbers: The producer price index rose 0.5% in September, the Labor Department said Tuesday. That’s down slightly from an 0.7% increase in August.
Economists polled by The Wall Street Journal had forecast a 0.3% advance.
The core producer price index, which excludes volatile food, energy prices, and trade services rose 0.2% in September for the second straight month.
Over the past year, headline PPI is up 2.2% in September, up from 2% in the prior month. This is the highest rate since April.
Core prices are up 2.8% from a year earlier, down slightly from 2.9% in August.
Key details: For the second straight month, goods prices outpaced service costs, a break in the recent trend.
The cost of goods rose 0.9% in September after a 2% gain in the prior month.
The cost of services rose 0.3% last month, up slightly from 0.2% in August.
Energy prices rose 3.3% in September, down from a 10.3% gain in the prior month but still a strong gain.
Wholesale food prices jumped 0.9% after a 0.5% fall in the prior month.
![Joby Aviation initiates first eVTOL test flights with a pilot onboard [Video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2023/10/Joby-test-flights-pilot.jpg?resize=1200,628&quality=82&strip=all&ssl=1 "Joby Aviation initiates first eVTOL test flights with a pilot onboard [Video]")