US annual producer inflation rises to 6.3% in September, exceeding expectations of 5.3% as energy costs surge

📈 Producer Price Index jumps 1.3% monthly, marking largest increase since March 2022

📊 US annual consumer inflation reaches four-month high of 3.7% in September, with monthly inflation rising 0.6%

• Core inflation, excluding food and energy, increases 0.3% monthly and 2.6% annually, reinforcing expectations of a Federal Reserve rate hold in October