Thanks to increases in prices for food and gasoline, the Producer Price Index for final demand increased 0.5% in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported Oct. 11.

Final demand prices rose 0.7% in August and 0.6% in July. On an unadjusted basis, the index for final demand advanced 2.2% for the 12 months ended in September, the largest increase since moving up 2.3% for the 12 months ended in April, the bureau reported.

Leading the increase in the final demand index in September, prices for final demand goods rose 0.9%. The index for final demand services advanced 0.3%. Prices for final demand less foods, energy and trade services increased 0.2% in September, the fourth consecutive advance.

For the 12 months ended in September, the index for final demand less foods, energy and trade services moved up 2.8%.

Economists polled by news outlet Reuters had expected the PPI would gain 0.3%.

The price of wholesale goods jumped 0.9%, with a 3.3% rise in the cost of energy products accounting for nearly three-fourths of the increase, Reuters reported. The price of gasoline increased 5.4%, making up more than 40% of the increase in the cost of goods.