Fed Beige Book: Rising Energy Costs Pass Through to Supply Chains, Half of Districts Report Intensifying Price Pressures

Deep News10-15

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The Beige Book released by the Federal Reserve on Wednesday shows that businesses in many districts also mentioned inflation pressures stemming from other commodities, tariffs, and insurance. The report stated: "Businesses said diesel prices are at high levels, and fuel surcharges are passing rising costs through the entire supply chain."

This report is based on information collected by the regional Federal Reserve Banks as of October 5 and was compiled by the Philadelphia Fed. A government report released earlier on Wednesday showed that U.S. consumer prices rose at their fastest pace in five months in September, with prices for a variety of goods and services climbing.

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