Producer prices in the US rose at the fastest rate in more than four years in September, and the impact of rising energy costs was further transmitted to the economy. According to data released by the US Bureau of Labor Statistics on Thursday, the producer price index rose 1.3% month-on-month and 6.3% year-on-year in September. Excluding food and energy, core PPI rose 0.7% month-on-month and 5% year-on-year. The report shows that while fuel prices are rising, core inflationary pressure is still strong. The November midterm elections are approaching, and the issue of cost of living is becoming a central topic of concern for voters. The report may also keep Fed officials on the path of further interest rate hikes in the coming months, especially after another report on Wednesday showed that a key consumer price indicator rose higher than expected in September. After the data was released, US Treasury bonds reduced their gains, and stock index futures continued to decline.

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