[UPDATE] Producer prices rose 6.3% in the year to September, the most since December 2022, with fuel half the gain

The prices businesses charge for goods and services (the producer price index, a monthly Labor Department survey that tends to reach store shelves later) rose 6.3% in the year to September, up from 5.6% in August. Fuel made up half the increase, and diesel-driven shipping costs are starting to push up food. "This is how increases in energy prices 'bleed through' to prices of core goods," said Carl Weinberg of High Frequency Economics. 0.7% rise from August in core producer prices, which leave out food and energy; they are up 5% on the year, per NBC News. 3.4% monthly jump in transportation and warehousing prices, which are up 16% on the year. 1.2% rise in wholesale food prices from August, though they are unchanged from a year earlier. $6.32 a gallon for diesel on Thursday, Oct. 15, against $3.66 a year earlier, per AAA. 0.8% growth in September retail sales, against 0.4% expected, per Axios. What next. The Federal Reserve meets Oct. 27–28 to decide whether to raise rates again.