US semiconductor producer prices jump 26% year-on-year in September

Producer-price pressure this persistent in chips and components is a cost signal that sits upstream of nearly every hardware-heavy corner of the tokenization and RWA stack — from the servers running node infrastructure to the devices end users rely on. The breadth matters more than the headline: components and accessories rising in tandem suggests it is not one category distorting the index. Whether this six-month streak of 25%-plus annual growth extends into a seventh month is the open question, and it is the number that will tell observers whether this is a durable input-cost regime or a passing spike.