• Food prices surged in September, propelling the producer price inflation gauge higher than expected.
• The Department of Labor said on Wednesday that its producer price index rose 0.4 percent compared with the prior month, twice what economists had expected. A big part of the gain stemmed from a rapid rise in food prices.
• Consumer food prices rose a seasonally adjusted 1.1 percent compared with the prior month. Compared with a year ago, consumer food prices are up 12.1 percent.

Tagged: #Bidenflation