It Has Spread

This week, wholesale prices rose 6.3% on the year, the most since 2022. Aki: only fuel? Bolt: not only; almost half the rise in processed goods was diesel, and core prices are up 5% on the year. Lord Ozen: fuel is fuel, the rest is calm! Aki: it has spread; 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

🎙️The TellerAkiBoltLord Ozen