U.S. producer prices rose at their fastest monthly pace since March 2022 in September, while the U.S. Treasury’s 10-year yield eased nine basis points Thursday, placing new inflation data alongside a lower benchmark rate.
The Bureau of Labor Statistics (BLS) said its final-demand producer price index climbed 1.3% from August after seasonal adjustment. Prices were 6.3% higher than a year earlier, the largest annual increase since December 2022.
The goods index gained 2.6%. The energy component rose 10.8% and contributed over 80% of September’s increase in final-demand goods prices. A measure that excludes food, energy and trade services advanced 0.5% for the month and 5% over 12 months.
The producer-price report followed consumer-price data released a day earlier. The BLS reported that consumer prices rose 0.6% in September from August and 3.7% over the year, compared with a 3.4% annual increase in August.
The Treasury’s daily par-yield curve showed the 10-year rate at 5.10% on Oct. 15, down from 5.19% the previous day. The 30-year yield also declined, to 5.48% from 5.57%; both rates remained above 5%, according to EconoTimes’ earlier coverage of the Treasury’s yield moves. The daily figures reflect indicative market bids sampled at about 3:30 p.m. ET.
