The Case of the Seeping Diesel

Inspector Hale: wholesale prices rose 6.3% on the year, the most since 2022. Wren: fuel? The Ledger: diesel seeps into everything shipped; almost half the rise in processed goods was diesel, and core prices still rose 0.7% in the month, 5% on the year. Nightjar: the pass-through has begun. Wren: the Fed's Beige Book set a record for inflation mentions.

September's wholesale inflation, 6.3% on the year and the biggest annual rise since December 2022, is no longer only an energy story: the statistics bureau says almost half the month's rise in processed goods was tied to dearer diesel, core prices excluding food and energy still rose 0.7% in the month and 5% on the year, and the Fed's Beige Book carried a record number of inflation mentions.

Starring

Inspector HaleWrenThe LedgerNightjar