US wholesale inflation accelerated sharply in September, reaching its highest level in more than four years and intensifying concerns about affordability ahead of the midterm elections, according to data reported by CNN.
Wholesale price movements can signal future consumer inflation. Some PPI data also contributes to the Personal Consumption Expenditures index, which the Federal Reserve uses to measure inflation against its 2% target.
Separately, Commerce Department figures showed retail sales growth slowed to 0.8% in September, down from 1.3% in August. After accounting for rising prices, underlying spending momentum appeared weaker.
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US consumer prices accelerated in September as cost of gasoline surged, dealing another blow to President Trump and his Republican Party ahead of the November 3 midterm elections and putting an interest rate increase later this month back on the radar https://t.co/y4cQP9oQQ6 https://t.co/JM6NrHAzg2
— Reuters Business (@ReutersBiz) October 15, 2026
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