Americans can expect to start paying more for many of their most frequent purchases, according to The Wall Street Journal.
The Department of Labor released the latest Producer Price Index on Tuesday, October 18, which indicated that wholesale prices rose across the country in every sector. Overall, the index rose 0.8 percent from from August to September, after remaining stable in August and rising 0.2 percent in July.
The jump proved even more dramatic year-over-year, with prices up 6.9 percent from September 2010.
Gasoline was one of the biggest factors, seeing a 4.2 percent increase from August. With the largest rise in fuel costs since March, transportation expenses rose accordingly, pushing up prices for other goods.
Most disconcerting for many is the fourth consecutive month of increases in food prices, up 0.6 percent from August and up as much as 10 percent for dry vegetables.