US wholesale prices rose 6.3% in September from a year earlier. This is the largest yearly increase since 2022.

The producer price index rose 1.3% from the month before. That is its largest monthly increase since March 2022.

The financial company Dow Jones expected a 0.6% monthly rise. The consensus estimate for the yearly rise was 5.5%.

Energy was a major driver of the increase. Energy prices jumped 10.8%.

Energy made up more than 80% of the rise in goods prices. Prices for services rose 0.8%.

Bloomberg also linked the rise to higher energy costs. Wholesale prices rose 0.5% in August from the month before.

Prices in August were up 5.6% from a year earlier. This index tracks prices producers receive before goods and services reach consumers.