US wholesale inflation surges to another record

US producer prices continued to rise last month, surging to their biggest annualised jump on record.

The inflationary trend in the United States is still very much alive and well.

The Producer Price Index (PPI) – which measures prices that businesses receive for their goods and services – surged 8.6 percent in September from the same period a year ago.  That’s the biggest jump on records dating back to 2010.

But the annualised rate of wholesale inflation measures current prices against an economy still very much struggling in September 2020.