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 (PPI) 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. Headline numbers: wholesale