The producer price index measures inflation at the wholesale level, before businesses pass costs along to consumers. On a month-to-month basis, prices rose 0.7% in August, the biggest increase in more than a year. Economists forecast that growth slowed to 0.3% in September.Rising long-term interest rates are posing the latest threat to a US economic ‘soft landing’Analysts expect the Atlanta-based airline made profit of $1.96 per share on $14.6 billion in sales.
Like other airlines, rising fuel costs spurred Delta last month to lower its profit outlook in the quarter to a range between $1.85 and $2.05 per share, down from the previous guidance of $2.20 to $2.50.In August, consumer prices rose 0.6% from July, the biggest monthly increase in more than a year. Analysts expect price growth slowed to 0.3% in September. Year-over-year, prices rose 3.7% in August, up from a 3.2% annual pace in July.
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