US: Annual PPI (ex-food, energy & trade) rises to 2.9% in September
|"The Producer Price Index for final demand increased 0.2 percent in September, seasonally adjusted," the U.S. Bureau of Labor Statistics announced on Wednesday.
Key takeaways from the press release
- The index for final demand less foods, energy, and trade services moved up 0.4 percent in September, the largest rise since a 0.5-percent increase in January.
- For the 12 months ended in September, prices for final demand less foods, energy, and trade services advanced 2.9 percent.
- In September, over one-third of the advance in prices for final demand services can be traced to the index for airline passenger services, which rose 5.5 percent.
- Leading the September decline in the index for final demand goods, gasoline prices fell 3.5 percent.
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