US Wholesale Prices Rose a Record 8.6 Percent Over the Past Year

A customer shops for meat at a Safeway store in San Francisco, California on Oct. 4, 2021. Justin Sullivan/Getty Images

Inflation rose 8.6 percent in September compared to the previous year, the Labor Department reported Thursday, reporting it as the greatest gain since 2010.

The Producer Price Index News Release summary reported “the final demand index rose 8.6 percent for the 12 months ended in September, the largest advance since 12-month data were first calculated in November 2010.”