US annual PPI inflation edges lower to 1.8% in September vs. 1.6% expected
- Producer inflation in the US rose at a stronger pace than expected in September.
- US Dollar Index stays slightly below 103.00 following the PPI data.
The Producer Price Index (PPI) for final demand in the US rose 1.8% on a yearly basis in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed the 1.9% increase recorded in August and came in above the market expectation of 1.6%.
The annual core PPI rose 2.8% in the same period, surpassing analysts' estimate of 2.7%. On a monthly basis, the PPI was unchanged, while the core PPI was up 0.2%
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.