---
title: "Producer prices rose 1.3% in September, the biggest jump since 2022"
url: "https://etf.net/news/producer-prices-rose-1-3-in-september-the-biggest-jump-since-2022-2026-10-15"
published_at: "2026-10-15T14:09:35.179Z"
updated_at: "2026-10-15T15:27:40.770Z"
byline: "ETF.net Research"
---

# Producer prices rose 1.3% in September, the biggest jump since 2022

The Federal Reserve meets Oct. 27-28, and September's personal consumption expenditures price index, the gauge it uses for its 2% inflation target, is released the morning after.

By ETF.net Research. Published Oct 15, 2026.

U.S. producer prices rose **1.3%** in September, the biggest monthly increase since a 1.7% rise in March 2022, the Bureau of Labor Statistics (BLS) said Thursday.

Producer prices were up 6.3% from a year earlier, the largest 12-month increase since a 6.4% rise in December 2022. Economists surveyed by Dow Jones had expected 0.6% for the month and 5.5% for the year.

BLS revised August's increase to 0.5%, from the 0.4% it reported on Sept. 10.

## Gasoline accounted for half the rise in goods prices

Prices for goods rose 2.6% – the largest increase since the BLS began that series in December 2009. More than 80% of the increase in goods prices came from energy, which jumped 10.8% as gasoline prices rose 20.3%.

Price hikes were not limited to energy, though. Foods rose 1.2% in September, and goods other than food and energy rose 0.3%.

Services rose 0.8%, the largest increase since April. Nearly half of that came from a 1.4% rise in the margins wholesalers and retailers earn, the gap between what they pay for goods and what they charge.

## The Federal Reserve votes before September's consumption prices

The Federal Reserve's policy committee meets Oct. 27-28. On Sept. 16 it raised the target range for the federal funds rate by 25 percentage points, to 3.75% to 4%, the first increase since July 2023.

Wednesday's consumer price index put inflation at 3.7% from a year earlier, up from an annual rate of 3.4% in August. September's personal consumption expenditures (PCE) price index, the gauge the Federal Reserve uses for its 2% inflation target, is not due until 8:30 a.m. Eastern time on Oct. 29, the morning after the decision.

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