8,000.46 TL BIST 100 BIST 100
27.13 $ USD USD
€28.91 EUR EUR
24.12 TL Interest Interest
93.82 $ Fossil Oil Fossil Oil
23.55 $ Silver Silver
3.70 $ Copper Copper
118.06 $ Iron Ore Iron Ore
372.00 $ Ship Dismantling Ship Dismantling
1,678.05 TL Gold (gr) Gold (gr)

Producer prices in the US continued to decline in August

In the US, the Producer Price Index (PPI) decreased by 0.1 percent month on month in line with expectations, while it increased less than expected with 8.7 percent year on year.

Producer prices in the US continued to decline in August

The US Department of Labor announced PPI data for August.

Accordingly, PPI decreased by 0.1 percent in August compared to the previous month.

The data, which continued to decline in line with market expectations, decreased by 0.4 percent in July.

The decrease in producer prices in this period was due to the 12.7 percent decrease in gasoline prices.

Producer prices rose 8.7 percent year-on-year in August.

The annual rise in producer prices, which fell short of expectations, was expected to be 8.8 percent in August. Producer inflation was recorded as 9.8 percent per annum in July.

Core PPI, which does not include variable food and energy prices, also increased by 0.4 percent monthly and 7.3 percent annually in August.

The market expectation for the core PPI was an increase of 0.3 percent on a monthly basis and 7.1 percent on an annual basis. Core PPI increased by 0.3 percent monthly and 7.7 percent annually in July.

By measuring the prices of inputs used in production, the PPI gives clues about final product prices and headline inflation. The US Federal Reserve (Fed) tracks all inflation indicators, including the PPI.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Aselsan signed 2 different giant contracts

Friday, September 22, 2023

Stellantis opens electric vehicle battery centre in Italy

Friday, September 22, 2023

JFE Steel takes a new step towards carbon-free production

Monday, September 18, 2023

Carbon regulation mechanism at the EU border to become global

Friday, September 15, 2023

The world's largest ship was named "Türkiye"

Friday, September 15, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now