Producer Price Index October release with September 2023 Data

The BLS has released the September Producer Price Index Report.  (historical releases) 

The Producer Price Index for final demand increased 0.5 percent in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.7 percent in August and 0.6 percent in July. (See table A.) On an unadjusted basis, the index for final demand advanced 2.2 percent for the 12 months ended in September, the largest increase since moving up 2.3 percent for the 12 months ended in April. 

Leading the increase in the final demand index in September, prices for final demand goods rose 0.9 percent. The index for final demand services advanced 0.3 percent.

Prices for final demand less foods, energy, and trade services increased 0.2 percent in September, the fourth consecutive advance. For the 12 months ended in September, the index for final demand less foods, energy, and trade services moved up 2.8 percent.

As is often the case... there were revisions to previous month's data, so don't be surprised if this month's data is revised next month. The size of July's data was a bit surprising however. When that data came out, it was considered above expectations at +0.3%. A couple of month's later, it was revised to +0.6%, without any discussion.

In any case, I will continue to track, but this should wrap up publishing my thoughts.