US: Annual PPI rises to 8.6% in September vs. 8.7% expected
|- Annual PPI in US continued to increase in September.
- US Dollar Index stays below 94.00 after the data.
The Producer Price Index (PPI) in the US for final demand rose to 8.6% on a yearly basis in September from 8.3% in August, the US Bureau of Labor Statistics announced on Thursday. This reading came in slightly lower than the market expectation of 8.6%.
On a monthly basis, the PPI edged lower to 0.5% from 0.7%. Further details of the publication revealed that the annual Core PPI ticked up to 6.8%, compared to analysts' estimate of 7.1%.
Market reaction
The US Dollar Index showed no immediate reaction to this report and was last seen posting small daily losses at 93.93.
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