US PPI Rises 0.3% in September as Energy Costs Jump: What the Delayed Inflation Report Means for the Fed on November 25, 2025
The long-delayed September 2025 US Producer Price Index rose 0.3%, driven by higher energy costs, while core wholesale inflation stayed tame. Here’s what today’s report means for the Federal Reserve, markets, and the broader inflation outlook. The US government finally released its shutdown-delayed September Producer Price Index this morning, giving investors and policymakers a fresh – if somewhat stale – look at wholesale inflation trends.