U.S. PPI Up 0.4% in Sept.

Wholesale inflation south of the border buzzed mildly along last month.

The latest figures from the U.S. Labor Department showed the U.S. producer price index, a measure of the prices businesses receive for their goods and services, increased a seasonally adjusted 0.4% on the month in September.

Excluding the often-volatile food and energy categories, producer prices increased a seasonally adjusted 0.4% last month.

In the year to September, the overall PPI rose 0.4%, the first time that measure posted an increase since March. Excluding food and energy, the index climbed 1.2%.

The producer-price measure typically tracks the same trends as other broad inflation gauges, though it does not always translate into what consumers pay. A gauge of prices paid by the average American, the consumer-price index, rose a seasonally adjusted 0.2% in September.