The Producer Price Index for final demand in the US rose 2.2% on a yearly basis in September, up from the 2% increase recorded in August. This reading came in higher than the market expectation of 1.6%.
The Producer Price Index (PPI) for final demand in the US rose 2.2% on a yearly basis in September, up from the 2% increase recorded in August, in data published by the US Bureau of Labor Statistics revealed on Wednesday. This reading came in higher than the market expectation of 1.6%.
The annual Core PPI increased 2.7% in the same period, higher than the August reading and analysts' estimate of 2.2% and 2.3%, respectively. On a monthly basis, the Core PPI rose 0.3%.
Market reaction
The US Dollar Index edged slightly higher with the immediate reaction and was last seen gaining 0.1% on the day at 105.90.
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