By Alicia Wallace, CNN Minneapolis (CNN) — Wholesale price increases of US goods and services jumped higher for a third consecutive month, a sign that inflation’s path downward remains a bumpy one, according to data released Wednesday by the Bureau of Labor Statistics. The Producer Price Index, which measures the average price changes that businesses pay to suppliers, rose 2.2% for the 12 months ended in September. On a monthly basis, prices rose 0.5%, a slight cooldown from August’s 0.7% increase. Economists had projected an annual increase of 1.6% and a monthly uptick of 0.3%, according to Refinitiv consensus estimates. When stripping out the more volatile components of food and
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