Washington DC, Oct. 15 -- US wholesale inflation rose to 6.3 per cent in September, its highest annual level since December 2022, driven by a sharp increase in energy and gasoline prices, according to data released by the US Bureau of Labor Statistics (BLS) on Thursday.

The Producer Price Index (PPI), a key indicator of US wholesale inflation that tracks changes in prices received by domestic producers for goods and services, increased 1.3 per cent in September from August, marking its biggest monthly rise since March 2022. On an annual basis, producer prices rose 6.3 per cent, the highest increase since December 2022.

Highlighting the annual increase, the BLS stated, "On an unadjusted basis, the index for final demand climbed 6.3 perce...