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U.S. wholesale prices leap 0.8% in September

U.S. wholesale prices leap 0.8% in September (by Jeffry Bartash)

WASHINGTON (MarketWatch) - The U.S. producer price index rose a seasonally adjusted 0.8% in September to mark the biggest increase since April, the Labor Department said Tuesday. Economists surveyed by MarketWatch had predicted a 0.4% gain. Higher wholesale prices were driven by a 2.3% increase in energy costs and a 0.6% rise in food costs. If those two categories are excluded, "core" wholesale prices rose a lesser 0.2%. Economists were expecting a 0.1% increase. Over the past 12 months, wholesale prices have climbed an unadjusted 6.9%. Omitting food and energy, wholesale prices have risen a more modest 2.5% in the past year.