— Prices paid to US producers rose by more than forecast in September, bolstered by higher energy costs that continue to wrinkle the path toward sustainably lower inflation.
A pickup in oil prices — which reached the highest level in over a year in September — is threatening months of progress in taming producer inflation. While crude prices have subsided in recent weeks amid demand concerns, the conflict in Israel risks keeping costs elevated. Costs of portfolio management and nursing-home care declined while hospital-outpatient care picked up.
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