- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,509+0.01%
- October 17, 202613°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,509+0.01%
- October 17, 202613°
U.S. producer prices rose 0.4% monthly and 5.4% annually in August
According to data from the U.S. Department of Labor, the producer price index rose 0.4% month over month and 5.4% year over year in August. Core PPI, which excludes food and energy prices, also increased 0.2% monthly and 4.6% annually.
U.S. producer prices rose 0.4% month over month in August, while the annual increase reached 5.4%. The data were released by the U.S. Department of Labor.
The monthly increase in the PPI matched market expectations. The index had risen 0.1% month over month in July. The annual increase of 5.4% in August exceeded the market expectation of 5.3%; the annual increase had been 4.8% in July.
Monthly increase in core measure falls short of expectations
Core PPI, calculated by excluding food and energy prices, rose 0.2% in August from the previous month. The annual increase in this measure was recorded at 4.6%.
The annual change in core PPI was in line with market expectations. The expectation for the monthly increase had been 0.3%. Core PPI had risen 0.3% month over month and 4.3% annually in July.
The PPI measures the prices of inputs used in production and is among the indicators of final product prices and overall inflation. In addition to the PPI, the U.S. Federal Reserve also monitors various other inflation measures.
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