PPI increased by 0.5 percent in September compared to the previous month. PPI, which increased below market expectations in this period, was expected to increase by 0.6 percent. PPI rose 0.7 percent in August.
Producer prices increased by 8.6 percent year-on-year in September, the highest increase since November 2010. The index was expected to increase by 8.7 percent year-on-year in September. In August, the PPI increased by 8.3 percent year on year. The core PPI, which does not include variable food and energy prices, increased by 0.2 percent monthly and 6.8 percent annually in September. The market expectation for the core PPI was 0.5 percent monthly and 7.1 percent annual increase. Core PPI increased by 0.6 percent monthly and 6.7 percent annually in August. PPI measures the prices of inputs used in production and gives clues about final product prices and headline inflation. The US Federal Reserve (Fed) tracks all inflation indicators, including the PPI.
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